Prime Minister Shinzo Abe reaffirmed his commitment to amend Japan's pacifist constitution as the country continues its military buildup by developing its first domestically manufactured long-range air-to-ship missiles.
Property and casualty insurer Travelers Cos Inc gained 5.6% as it beat quarterly profit expectations, while consumer products giant Procter & Gamble Co advanced 0.4% as it raised its full-year sales and earnings forecasts.
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Proposed by China in 2013, the Belt and Road Initiative aims to revive ancient land and sea trade routes that link China with many countries in Asia, Africa and Europe via trade and infrastructure networks.
Primary school pupils in Banmu village, Yunnan province, use computers in their class. Their village has access to 4G internet services. YANG ZONGYOU/XINHUA
President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, speaks in Beijing on Tuesday, the 90th anniversary of the founding of the People's Liberation Army. JU PENG / XINHUA
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President Xi hailed the great dynamism of Africa when he arrived in Senegal on Saturday, the first stop on a four-country trip to Africa, that also takes him to Rwanda, South Africa and Mauritius.
Private investment in China increased in November, supported by a series of policies to encourage private enterprises.
Previous policies-which limited births to one child per family in most cases and encouraged delaying marriage-were scrapped in 2016 to counteract the aging population trend and shrinking workforce.
Progress in major projects will facilitate economic restructuring of both countries and boost their standing on the global stage, he said.