Sharone Tobias and Will Piekos look at the top five stories in Asia this week.
1. China’s economy slows in the second quarter. China’s economic growth slowed to 7.5 percent in the second quarter of 2013, the second straight quarter of declining growth. Chinese officials encouraged local governments to speed up spending to support economic growth, though they have asserted that China’s main economic indicators were within a “reasonable range.” The International Monetary Fund is less confident, stating that “since the global crisis, a mix of investment, credit, and fiscal stimulus has underpinned [Chinese economic] activity. This pattern of growth is not sustainable and is raising vulnerability.” Read more »