A separate PMI published by HSBC/ Markit also rose to 51.7, its best performance in 18 months. Now that looser monetary policy is having its intended effect, some analysts questioned the need for more economic stimulus in China, at least in the near term.» Read More
Australia's economy sped ahead last quarter as a boom in business and government spending outstripped all expectations, reviving speculation interest rates could have to rise yet further to curb inflation.
Japanese companies reduced spending on plant and equipment by 4.9 percent in April-June compared with the same quarter a year earlier, a Ministry of Finance surveyshowed on Monday.
Police tightened security Sunday as senior officials from Pacific Rim nations began meetings to prepare for a summit of regional leaders that will tackle trade and global warming.
Government officials said Thursday that Finance Minister Jin Renqing resigned for "personal reasons," amid concerns of surging inflation and just weeks ahead of an expected reshuffling of top government positions.
Get the best of CNBC in your inbox