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Real-time News
February 27 (Reuters) - South Korean exports are likely to rise for the ninth consecutive month in February as a global AI investment boom drives a surge in chip sales. The median forecast from nine analysts predicts South Korean exports will grow 24.0% year-on-year in February, a bellwether for global trade. While this is lower than Januarys 33.8% increase (which saw the strongest export growth since August 2021), it would still be the second-fastest year-on-year growth in the current continuous growth cycle that begins in June 2025. Economists point to faster-than-expected chip price increases and persistently low inventory levels, expecting semiconductor exports to maintain strong momentum. "The possibility of semiconductor export growth exceeding 100% in the first half of the year is extremely high," said Stephen Lee, an analyst at Meritz Securities in Seoul.February 27th - Shanghais 2026 Special Fund for Energy Conservation and Emission Reduction and the Third Batch of Ultra-Long-Term Special Treasury Bonds Arrangement Plan were released, supporting national vehicle scrapping and replacement (fuel vehicles and new energy vehicles), with a planned allocation of 43.232 million yuan in municipal special funds for energy conservation and emission reduction.The Political Bureau of the CPC Central Committee stated that after five years of continuous efforts, the main goals and tasks of the 14th Five-Year Plan have been successfully completed, my countrys economic strength, scientific and technological strength, and overall national strength have reached new heights, Chinas modernization has taken new and solid steps, and the new journey toward the second centenary goal has achieved a good start.February 27 – The Political Bureau of the CPC Central Committee held a meeting on February 27. The meeting pointed out that it is necessary to accelerate the construction of a new development pattern, focus on promoting high-quality development, adhere to the general principle of seeking progress while maintaining stability, coordinate the domestic and international situations, better coordinate development and security, implement more proactive and effective macro policies, enhance the foresight, pertinence and synergy of policies, continuously expand domestic demand and optimize supply, optimize incremental growth and revitalize existing assets, develop new productive forces according to local conditions, deepen the construction of a unified national market, continuously prevent and resolve risks in key areas, focus on stabilizing employment, enterprises, markets and expectations, promote the effective improvement of economic quality and reasonable growth in quantity, maintain social harmony and stability, and achieve a good start to the 15th Five-Year Plan.February 27 – The Political Bureau of the CPC Central Committee held a meeting on February 27, emphasizing the need to continue implementing a more proactive fiscal policy and a moderately loose monetary policy, and to strengthen the coordination between reform measures and macroeconomic policies. The meeting stressed the importance of building a strong domestic market, accelerating the cultivation and expansion of new growth drivers, and speeding up high-level scientific and technological self-reliance. It also called for continuously deepening reforms in key areas, further expanding high-level opening-up, solidly promoting the comprehensive revitalization of rural areas, and advancing new urbanization and coordinated regional development. Furthermore, the meeting stressed the need to further guarantee and improve peoples livelihoods, accelerate the comprehensive green transformation, and strengthen risk prevention and mitigation and security capacity building in key areas. Finally, the meeting emphasized the need to strengthen government self-construction and firmly establish and practice a correct view of performance.
