Overall, economic growth is slowing down in Asia. India remains one of the world's fastest growing economies, while China's economy is slowing down year for year.
China's GDP grew 6.9 percent in 2017 — the fastest pace in two years and higher than expected by analysts. The economy's strong rebound came despite efforts to curb financial risk from excessive debt growth.
Tokyo and Canberra are taking steps to reinforce their security arrangements, with both governments concerned about an unstable and nuclear-armed North Korea and an assertive China. Julian Ryall reports.
The global lender has surprised analysts by predicting better-than-expected global growth. But the bank also warned of fading potential mainly in advanced economies due to aging populations.
India's government has eased regulations for foreign investors in an effort to boost economic growth in the Asian nation. The new rules are also meant to help struggling carrier Air India get out of the doldrums.
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