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Here are some news updates from Asia:
China:
- China's economy grew 6.1% in 2020, the lowest rate in nearly three decades, according to official data. The country's GDP reached 99.9 trillion yuan (around $14.3 trillion).
- China's central bank has injected 1.2 trillion yuan (around $173 billion) into the financial system to stabilize the economy and support small businesses.
Japan:
- Japan's economy contracted 4.8% in the fourth quarter of 2020, the worst performance since 2014, due to the COVID-19 pandemic.
- Japan's government has approved a stimulus package worth 73.6 trillion yen (around $680 billion) to boost the economy and support small businesses.
South Korea:
- South Korea's economy grew 1.1% in the fourth quarter of 2020, driven by a rebound in exports and domestic consumption.
- South Korea's central bank has kept its key interest rate unchanged at 0.75% to support the economy and control inflation.
India:
- India's economy grew 4.7% in the third quarter of 2020, the fastest pace in six quarters, driven by a recovery in manufacturing and services.
- India's government has approved a stimulus package worth 2.5 trillion rupees (around $34 billion) to support small businesses and farmers.
ASEAN:
- The Association of Southeast Asian Nations (ASEAN) has launched a new initiative to promote economic cooperation and integration among its member states.
- The ASEAN Economic Community (AEC) has set a target to increase intra-regional trade to 15% of the region's total trade by 2025.
Other news:
- The Philippines has reported a record number of COVID-19 cases, with over 1,000 new cases reported in a single day.
- Indonesia has launched a new COVID-19 vaccination program, with plans to vaccinate 181 million people by the end of 2021.
These are just some of the news updates from Asia. If you'd like to know more about a specific country or topic, feel free to ask!