Thu, 07 Jul 2022

NEW DELHI -- Global credit rating agency Moody's on Thursday slashed India's economic growth projection to 8.8 percent for 2022 from its earlier projection of 9.1 percent, citing high inflation as the main reason.

It said that the growth momentum at the end of 2021 had carried through into the first four months of this year. (India-Moody's-Growth Projection)

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HONIARA -- Visiting Chinese State Councilor and Foreign Minister Wang Yi on Thursday elaborated on the principles of promoting the security cooperation between China and the Solomon Islands.

Wang expounded on three principles of promoting the bilateral security cooperation at a joint press conference with Solomon Islands' Foreign Minister Jeremiah Manele. (Solomon Islands-China-Security Cooperation,1ST LD WRITETHRU)

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HONIARA -- Solomon Islands Prime Minister Manasseh Sogavare and visiting Chinese State Councilor and Foreign Minister Wang Yi on Thursday expressed willingness to forge "iron-clad" ties and deepen cooperation between the two countries.

Sogavare said China has become the biggest cooperative partner of the Solomon Islands on basic infrastructure and a reliable development partner, expressing thanks to China for providing anti-pandemic supplies, repid-test equipment and sending medical teams to his country. (Solomon Islands-China-Visit)

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SEOUL -- South Korea's central bank on Thursday revised up its 2022 inflation outlook to the mid-4 percent level after delivering back-to-back interest rate hikes.

The Bank of Korea (BOK) raised its outlook for this year's consumer price inflation to 4.5 percent from 3.1 percent estimated three months earlier. (South Korea-Inflation-Outlook)

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SINGAPORE -- The Singapore Economic Development Board (EDB) said on Thursday that the country's manufacturing output increased 6.2 percent year on year in April, compared to the 5.1 percent increase in March.

Excluding biomedical manufacturing, the output grew 7.7 percent year on year, extending the 9.9 percent increase in the previous month. (Singapore-Manufacturing)

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HONIARA -- Chinese State Councilor and Foreign Minister Wang Yi held a phone conversation on Thursday with newly-appointed French Foreign Minister Catherine Colonna, with both sides vowing to improve bilateral ties and deepen China-EU cooperation.

Wang said France, as a major country that enjoys global influence, has always adhered to an independent foreign policy. Faced with the once-in-a-century changes taking place in the world, it is necessary for China and France to deepen their strategic coordination, Wang noted. (China-France-Relations, 1st LD)

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