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Xinhua Asia-Pacific news summary at 1600 GMT, Sept. 13

KUALA LUMPUR -- Bilateral trade between China and Malaysia is expected to boom as the Regional Comprehensive Economic Partnership (RCEP) will streamline and harmonize various aspects of the business relationship between the two countries, a Malaysian official said on Tuesday.

In his keynote address at the launching ceremony of the "4th Malaysia-China B2B Business Matching Session" being held in conjunction with the upcoming 19th China-ASEAN Expo (CAEXPO), Malaysian International Trade and Industry Deputy Minister Lim Ban Hong said RCEP will create a more transparent, specific, rules-based framework for trade and investment. (Malaysia-China-RCEP)

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PHNOM PENH -- The upcoming 54th ASEAN Economic Ministers' meeting (AEM) and related meetings will bring about economic benefits and closer cooperation among all countries involved, a senior Cambodian official has said.

The 54th AEM and related meetings, including the Regional Comprehensive Economic Partnership (RCEP) ministers' meeting, the East Asia Summit (EAS) economic ministers' meeting and the AEM-Dialogue Partners Consultations, will be held both in person and virtually from Sept. 14 to 18 in the cultural province of Siem Reap in northwest Cambodia. (Cambodia-ASEAN-Meeting)

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TOKYO -- Japan's wholesale prices jumped 9 percent in August from the previous year as commodity costs continued to rise and the yen's rapid decline lifted import costs, Bank of Japan data showed Tuesday.

The corporate goods price index, which measures costs of goods and services traded between businesses, stood at a record high of 115.1 against the 2020 base of 100, marking the 18th straight month of increase, according to a preliminary report released by the Bank of Japan. (Japan-Wholesale Prices-Up)

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HONG KONG -- The Hong Kong Special Administrative Region (HKSAR) government will release a development plan for innovation and technology (I&T) for the next five to 10 years within the next six months, said an official Tuesday.

Highlights of the development plan include the establishment of an innovation and technology ecosystem, which will help integrate resources in the region, connect upstream, midstream and downstream stakeholders, and promote cross-sector and cross-regional collaboration, said Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, at a forum organized by Our Hong Kong Foundation. (Hong Kong-Innovation-Technology)