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1. China to set GDP growth range, providing policy flexibility in 2026: sources

   China’s government is likely to set this year’s economic growth target in a range between 4.5 per cent and 5 per cent, according to three sources briefed on the matter. Such a target would indicate a tolerance for a modest deceleration from last year’s 5 per cent gross domestic product growth as Beijing highlights the importance of “high-quality” development and urges local officials to embrace...

2. How China can strengthen High Seas Treaty governance

   The United States’ abrupt withdrawal earlier this month from dozens of international institutions, including the UN Framework Convention on Climate Change, was more than another episode of diplomatic retrenchment. It was a reminder that the post-war architecture of global governance, particularly in environmental affairs, is under strain. Against this backdrop, China’s decision to nominate...

3. US and Canada drift apart on China as Ottawa rethinks Beijing ties

   Look for the US and Canada to move farther apart on China policy, even in areas where they were previously aligned, analysts say, days after Canadian Prime Minister Mark Carney announced a multifaceted deal with Beijing. In recent years, Washington and Ottawa had drawn closer together when it came to dealing with Beijing, from electric vehicle tariffs and research security to investment...

4. Peru’s president refuses to step down as secret China meetings fuel ‘Chifagate’ scandal

   President Jose Jeri of Peru has vowed not to resign despite rising pressure over a widening scandal involving undisclosed meetings with Chinese businessmen, as opposition lawmakers say the affair has damaged public trust and senior officials insist no illegal acts took place. The controversy, known in Peruvian media as “Chifagate”, a reference to Chinese-Peruvian cuisine, centres on late-night...

5. Trump sues JPMorgan, accusing bank of closing his accounts for political reasons

   US President Donald Trump has filed a US$5 billion lawsuit against JPMorgan Chase on accusations of debanking, according to a complaint posted ‌on the CNBC website. Trump said JPMorgan violated its own policies by singling him out, in a bid to ride ‍the “political tide”, and terminating several of his accounts. He said the bank “unabashedly” boasted for 225 years it served customers with...

6. Greenland PM says he doesn’t know what’s in deal reached with Trump

   Greenland’s prime minister said on Thursday that he was not aware of the contents of a framework agreement about the Danish autonomous territory that US President Donald Trump announced after a meeting with Nato’s chief, but stressed no deal could be made without involving the island. “Nobody else than Greenland and the Kingdom of Denmark have the mandate to make deals or agreements about...

7. After fatal rail accident, missing dog Boro that captivated Spain is found

   After back-to-back fatal train crashes sent shock waves through Spain, some good news arrived on Thursday: Boro, the missing dog, was found. Days earlier, Boro’s owner Ana Garcia issued a desperate plea to help find him after the dog bolted on Sunday in the aftermath of the high-speed train crash in southern Spain that killed at least 43 people. Garcia, 26, and her pregnant sister were...

8. Ukraine’s Zelensky slams ‘fragmented’ Europe, says it looks lost facing Trump

   Ukrainian President Volodymyr Zelensky on Thursday blasted the EU’s lack of “political will” in countering Russian leader Vladimir Putin, during a fiery address criticising some of Kyiv’s top allies at the World Economic Forum. The speech to the Davos elite came minutes after Zelensky had met with US President Donald Trump, a conversation which he said brought agreement about what post-war US...

9. Indonesia’s Prabowo pitches stability at Davos amid rising global tensions

   Indonesian President Prabowo Subianto has used his Davos debut to drive home a message to global investors that his country intends to stamp out corruption and “greedanomics”, while positioning itself as a rare pocket of stability in an unsettled world economy. Speaking during a special address at the World Economic Forum (WEF) in Davos on Thursday, Prabowo argued that trade integration, if...

10. Hong Kong won’t pursue carbon-based taxes under bid to go green: Paul Chan

    Hong Kong will not pursue carbon-based taxation in its decarbonisation efforts, as maintaining a low and simple tax framework is central to the city’s competitive advantage, the financial chief has told a panel at the World Economic Forum. Speaking at the “How to Finance Decarbonization?” panel in Davos, Switzerland, Financial Secretary Paul Chan Mo-po said that a key strategy by Hong Kong...