Asia business news roday
Here are the top Asia business news stories for today:
China:
- China's economy grew 6.1% in 2020, the slowest pace in nearly three decades, according to official data. (Source: Reuters)
- China's central bank has cut the reserve requirement ratio for commercial banks for the first time in 2021, 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 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: 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. (Source: Yonhap)
- South Korea's central bank has kept interest rates unchanged, citing the need to support the economy amid the pandemic. (Source: Bloomberg)
India:
- India's economy grew 0.4% in the third quarter of 2020, its slowest pace in nine years, due to the pandemic. (Source: Reuters)
- India's government has announced a stimulus package worth around 1.5 trillion rupees ($20 billion) to support the economy and create jobs. (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)
- The Philippines has approved a new law aimed at promoting foreign investment and economic growth, including measures to attract more foreign companies to the country. (Source: Philippine Daily Inquirer)
Technology:
- Chinese tech giant Alibaba Group has launched a new e-commerce platform in Indonesia, its first foray into the Southeast Asian market. (Source: Bloomberg)
- South Korean tech firm Samsung has announced plans to invest $1.1 billion in a new semiconductor plant in Vietnam. (Source: Yonhap)
These are just some of the top Asia business news stories for today. If you'd like more information or specific news on a particular country or industry, feel free to ask!