Asia bsuiness news for today

Here are some Asia business news updates for today:

China:

• China's economy grew 6.1% in the fourth quarter of 2020, beating expectations and marking a rebound from a contraction in the previous quarter. (Source: Reuters)
• China's central bank has cut the reserve requirement ratio for commercial banks by 0.5 percentage points to boost lending and support the economy. (Source: Bloomberg)

Japan:

• Japan's economy contracted 4.8% in the fourth quarter of 2020, worse than expected, due to the COVID-19 pandemic. (Source: Nikkei)
• Japan's government has approved a stimulus package worth around 30 trillion yen (around $275 billion) to support the economy and help it recover from the pandemic. (Source: Japan Times)

South Korea:

• South Korea's economy grew 1.1% in the fourth quarter of 2020, beating expectations, driven by a rebound in exports and domestic consumption. (Source: Yonhap)
• South Korea's central bank has kept its key interest rate unchanged at 0.75% to support the economy and maintain price stability. (Source: Bloomberg)

India:

• India's economy grew 0.4% in the third quarter of 2020, marking a contraction for the second consecutive quarter due to the pandemic. (Source: Reuters)
• India's government has approved a stimulus package worth around 1.5 trillion rupees (around $20 billion) to support the economy and help it recover from the pandemic. (Source: Economic Times)

ASEAN:

• The Association of Southeast Asian Nations (ASEAN) has launched a new initiative to promote digital trade and e-commerce in the region. (Source: ASEAN Secretariat)
• The Philippines has approved a new law aimed at promoting foreign investment and economic growth, including measures to simplify business registration and reduce bureaucracy. (Source: Philippine Daily Inquirer)

Hong Kong:

• Hong Kong's economy contracted 8.5% in the fourth quarter of 2020, worse than expected, due to the pandemic and social unrest. (Source: South China Morning Post)
• Hong Kong's government has announced a new budget aimed at stimulating the economy and supporting businesses affected by the pandemic. (Source: Hong Kong Government)

These are just some of the Asia business news updates for today. I hope you find them helpful!