Asia business news for today

Here are some of the top Asia business news stories 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 for the first time in three years, in a bid 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 impact of the COVID-19 pandemic. (Source: Nikkei)
• Japan's government has approved a stimulus package worth around 30 trillion yen ($280 billion) to help the economy recover from the pandemic. (Source: Reuters)

South Korea:

• South Korea's economy grew 1.1% in the fourth quarter of 2020, driven by a rebound in exports and a recovery in domestic demand. (Source: Yonhap)
• South Korea's central bank has kept interest rates unchanged, citing concerns over the impact of the pandemic on the economy. (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 announced a stimulus package worth around 1.5 trillion rupees ($20 billion) to help the economy recover from the pandemic. (Source: Bloomberg)

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)
• 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)

Technology:

• Chinese tech giant Alibaba Group has launched a new e-commerce platform in Indonesia, marking its entry into the Southeast Asian market. (Source: Bloomberg)
• South Korean tech firm Samsung Electronics has announced plans to invest around 130 trillion won ($110 billion) in its semiconductor business over the next three years. (Source: Yonhap)

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