Five Things You Need to Know to Start Your Day: Asia

China’s manufacturing and property figures disappoint. Israel poised for mass strike over war. Philippines uncovers scam farms in resort hotel. Here’s what you need to know today.

China has been relying on its manufacturing might and export engines to offset the drag from a slumping property market and keep its growth target in sight. But growing headwinds on both fronts suggest the government will need to step up support if it’s to hit that goal of 5% expansion. Factory activity contracted for a fourth straight month in August, with sub indexes showing deepening deflationary pressures. Meantime, latest sales figures showed that the residential property slump deepened as expectations of a further drop in new-home prices hampered efforts to cushion the downturn. The property funk is weighing on China’s $17 trillion economy and recent government efforts have yet to turn things around.