Bloomberg China plans to spend 3.5 trillion yuan ($503 billion) to expand its railway system by 2020 as it turns to investments in infrastructure to bolster growth and improve connectivity across the country. The high-speed rail network will span more than 30,000 kilometers (18,650 miles) under the proposal, according to details released at a State Council Information Office briefing …

  Bloomberg The South Korean government cut its growth projection for next year to 2.6% from 3%, reflecting tepid domestic consumption and weak exports. The government will maintain loose fiscal policy and pressure state-run companies to spend more in an effort to shore up sagging consumer and business sentiment, the Ministry of Strategy and Finance said Thursday in its report …

  Bloomberg China’s diesel demand is likely to pick up pace ahead of the Lunar New Year as traders stock up barrels ahead of the festivities and as construction activity picks up in some areas, four trade sources said on Thursday. Implied diesel demand in October in China, the world’s second-largest oil user, rose to 3.4 million barrels per day, …