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Factbox-What China’s priorities mean for industries, companies

BEIJING (Reuters) – China laid out its major policy priorities for 2025 at an annual parliamentary meeting on Wednesday, including how it plans to spur consumption and achieve technological breakthroughs. Here are some of the key industries and technologies mentioned in the reports and on the sidelines of the meeting: ARTIFICIAL INTELLIGENCE China pledged to …

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China ramps up stimulus to guard economy from changes ‘unseen in a century’

By Antoni Slodkowski, Laurie Chen, Jing Xu and Eduardo Baptista BEIJING (Reuters) – China unlocked more fiscal stimulus on Wednesday, promising greater efforts to support consumption and cushion the impact of an escalating trade war with the United States on an economy that Beijing is determined to grow by another 5%-or-so this year. Premier Li …

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Japan PM asserts defence budget independence amid US nominee’s push for higher spending

TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba said on Wednesday that other nations do not decide its defence budget after U.S. President Donald Trump’s nominee for a top Pentagon policy role called for Tokyo to spend more to counter China. “Japan decides its defence budget by itself,” Ishiba told parliament. “It should not be decided …

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Taiwan may buy more US weapons, seeks closer ties, Bloomberg News reports

(Reuters) – Taiwan is seeking closer security ties with the United States and will look to buy more weapons from the country, Bloomberg News reported on Wednesday citing a senior Taiwanese official. “I believe there is a way to have a closer security relation, unofficially, with the US,” Taiwan’s deputy foreign minister, François Chihchung Wu, …

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Trump says person responsible for attack on US troops in Afghanistan is arrested

WASHINGTON (Reuters) -President Donald Trump on Tuesday said the person responsible for killing 13 U.S. service members during the withdrawal from Afghanistan in 2021 had been arrested with the help of Pakistan and was now on his way to the U.S. to face justice. Trump shared the news during an address to Congress, but gave …

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China monitored Philippine supply run to grounded warship on disputed shoal

BEIJING (Reuters) – The Chinese coast guard on Wednesday said it monitored a Philippine civilian boat delivering daily provisions to the “illegally grounded” warship at the disputed Second Thomas Shoal on Tuesday. China and the Philippines claim the territory and frequently clash in its surrounding waters. The resupply missions for soldiers aboard the grounded naval …

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China to adopt policies for aging population, try to boost birth rates

HONG KONG (Reuters) -China will “actively” respond to population aging with policies for its rapidly growing elderly and its young people, including providing childcare subsidies and making preschool education free, as it tries to boost the country’s declining population. The measures were announced in two official government documents on Wednesday, prepared for the annual meeting …

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China will work to firmly advance ‘reunification’ with Taiwan, premier says

By James Pomfret and Yimou Lee (Reuters) -Chinese Premier Li Qiang said on Wednesday China would “firmly advance” the push for “reunification” with Taiwan while opposing external interference, and strive to work with regular Taiwanese to realize the rejuvenation of the Chinese nation. China claims democratically governed Taiwan as its own territory, despite the objection …

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South Korea Q4 GDP +0.1% q/q, unchanged from early estimate

SEOUL (Reuters) – South Korea’s economy grew 0.1% in the final quarter of 2024 from the quarter before, revised central bank data showed on Wednesday, unchanged from the bank’s earlier estimate. Gross domestic product expanded 1.2% on an annual basis, also the same as estimated in late January. (Reporting by Jihoon Lee; Editing by Leslie …

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Putin extols ‘elephant diplomacy’ with Myanmar in talks with junta chief

By Vladimir Soldatkin and Andrew Osborn MOSCOW (Reuters) -Russia’s President Vladimir Putin hailed expanding ties with ally Myanmar at talks with its military junta chief on Tuesday and thanked him for gifting Moscow six elephants. Military analysts have dubbed the present, which coincided with Russia’s completing delivery of six fighter jets to Myanmar, as part …

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