This Tuesday the quarter closed and the numbers told the truth. China’s factories ticked back to growth, but only on the strength of chips, while its shops and property markets stayed weak.

In Japan, a bold spending plan ran up against the highest debt in the rich world, and in the Philippines a fuel-supply deadline fell due. From Beijing to Manila, the day’s theme was a single one: the ledger that reveals what the speeches concealed.

Today’s Asia Intelligence Brief covers the region’s economy, politics, and markets. We pulled it together from major Asian outlets in Japanese, Chinese, Korean, Hindi, Bahasa Indonesia, and English.

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