Asia news today

Here are some of the top news stories from Asia today:

China:

• China's economy grew at its slowest pace in nearly three decades in the first quarter, with GDP expanding 6.1% year-on-year, according to official data. (Source: Reuters)
• China's central bank has cut the reserve requirement ratio for commercial banks for the first time in four years, in an effort to boost lending and stimulate the economy. (Source: Bloomberg)

India:

• India's government has announced a series of measures to boost the economy, including a cut in corporate tax rates and an increase in the minimum support price for farmers. (Source: The Hindu)
• India's rupee has hit a record low against the US dollar, amid concerns over the country's widening trade deficit and high oil prices. (Source: The Economic Times)

Japan:

• Japan's economy contracted at an annualized rate of 0.6% in the first quarter, according to official data, as the country struggles with a decline in exports and a slowdown in consumer spending. (Source: Nikkei Asian Review)
• Japan's government has announced plans to increase its spending on infrastructure and social welfare programs to boost the economy. (Source: The Japan Times)

South Korea:

• South Korea's economy grew at its slowest pace in three years in the first quarter, with GDP expanding 2.1% year-on-year, according to official data. (Source: Yonhap News Agency)
• South Korea's government has announced plans to increase its spending on education and healthcare to boost the economy. (Source: The Korea Herald)

Southeast Asia:

• The Philippines has reported a surge in COVID-19 cases, with the country's health ministry announcing 1,138 new cases in the past 24 hours. (Source: ABS-CBN News)
• Indonesia's government has announced plans to increase its spending on infrastructure and social welfare programs to boost the economy. (Source: The Jakarta Post)

Other news:

• North Korea has launched a new satellite into space, according to state media, amid concerns over the country's nuclear program. (Source: CNN)
• The United States and China have agreed to a temporary truce in their trade war, with the two countries agreeing to suspend tariffs on each other's goods. (Source: The New York Times)

These are just a few of the top news stories from Asia today.