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Your Week in Asia

China's NPC, Cobra Gold 2023, G-20 foreign ministers meeting

Your weekly lineup of Asia's biggest business and political events

People in Beijing pass a display panel showing Xi Jinping in November 2018: The Chinese president has vowed to make consumer spending the "main driving force."   © AP

Welcome to Your Week in Asia.

China's Communist Party is hosting a second plenum of its central committee from Sunday until Tuesday to discuss reform plans involving party and state institutions, as well as to finalize candidates for top government positions. The second plenum under the CCP's political cycle traditionally sets the reform agenda and finalizes key appointments ahead of a new five-year term of the country's top legislature, the National People's Congress. The NPC's annual sessions start on the coming Sunday.

Monday will see the start of Cobra Gold 2023, a multinational military exercise in Thailand that lasts until March 10.

Group of 20 foreign ministers will gather in New Delhi on Wednesday and Thursday, including Russian Foreign Minister Sergey Lavrov.

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Cobra Gold military exercise begins

Thailand and the U.S. will host the longest-running military exercise in Southeast Asia, which runs to March 10 and involves 30 countries. More than 6,000 U.S. personnel will participate, the largest contingent in decades. The war drills will include Indonesia, Japan, Malaysia, South Korea and Singapore, while China, India and Australia are due to take part in humanitarian aid exercises. The opening ceremony is scheduled for Tuesday in Rayong province.

Next BOJ governor upper house hearings

Kazuo Ueda, nominee for governor of the Bank of Japan, will attend a confirmation hearing in the upper house of parliament, following his appearance in the lower house on Friday. Ueda is expected to stick to neutral ground to secure smooth approval from lawmakers in a confirmation vote slated for mid-March.

Mobile World Congress in Barcelona

Mobile World Congress, hosted in the Spanish city of Barcelona, is the largest industry fair for connectivity technologies. The 2023 event will be the first in the post-pandemic era after most countries ended travel restrictions, including China. Key Chinese tech companies aiming to expand their European market presence, including Huawei, Oppo and Xiaomi, will attend the show, where the latest smartphones, wireless chips, connected cars and infrastructure technologies will be showcased.


The Tokyo metropolitan government will host its first large-scale startup event, City-Tech.Tokyo, on Monday and Tuesday. More than 300 companies from the country and overseas are due to participate. The Japanese capital is hoping to become a startup hub, catalyze innovation and lure global talent.

Earnings: Li Auto


GDP: India, Turkey

Earnings: Coupang (U.S. time)


G-20 foreign ministers meeting

The two-day meeting of the Group of 20 foreign ministers begins in New Delhi, under India's presidency, just days after the first anniversary of Russia's invasion of Ukraine. The meeting -- in which Moscow has confirmed the participation of Foreign Minister Sergey Lavrov -- is expected to focus on pressing global problems, including food security and the debt troubles of developing nations.

China PMI

China's release of the official Purchasing Managers' Index for February will indicate whether the world's second-largest economy kept up momentum after rebounding to growth last month following three months of contractions.

GDP: Australia

Earnings: Weibo, Nio


Raisina dialogue

India's flagship annual conference on geopolitics and geoeconomics kicks off. Jointly organized by the country's Ministry of External Affairs and New Delhi-based think tank Observer Research Foundation, the three-day conference is designed as a multi-stakeholder, cross-sectoral discussion. It features heads of state, cabinet ministers and local government officials, as well as leaders from the private sector, media and academia.

Earnings: Bilibili


China's 'two sessions' commence

The annual meeting of China's top political advisory body, the Chinese People's Political Consultative Conference, begins on Saturday in Beijing.

China's most important annual event on the economy kicks off on Sunday with the sitting of the National People's Congress. Premier Li Keqiang is expected to deliver a government work report that includes growth targets for 2023, as well as fiscal budget and policy support for recovery from the COVID-19 pandemic. With Sunday's speech, Li will also wrap up his decade-long stint as the second top official after President Xi Jinping, before a new cabinet to be led by the latter's protege Li Qiang takes over.

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