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[EN] Financial Times

China’s GDP grows 5% in 2025 as exports offset weak domestic outlook

Latest data reflects 2-speed economy as Beijing grapples with Donald Trump’s trade policies

Elliott rejects Toyota Motor’s latest $34bn take-private offer for subsidiary

Activist investor urges shareholders to block Japanese conglomerate’s latest proposal

Vietnam conclave to select leaders and hammer out economic plan

One of the world’s fastest-growing economies is navigating a global trade war

Letter: Consultants hire for AI fluency, not grunt work

From Oguz A Acar, Professor of Marketing & Innovation, King’s College London, London WC2, UK

Letter: Brussels has surrendered its strongest negotiating cards

From Alberto Alemanno, Jean Monnet Professor of EU Law, HEC Paris, France

Letter: A British military presence on Greenland is a win-win

From John Barstow, Pulborough, West Sussex, UK

Letter: Asking for an upgrade to a better seat got me thinking

From Willem Thorbecke, Senior Fellow, Research Institute of Economy, Trade and Industry, Tokyo, Japan

Letter: Santayana warning became the EU founders’ leitmotif

From Konstantinos Gravas, Department of History and Philosophy of Sciences, National and Kapodistrian University of Athens (NKUA), Greece

Letter: This should be the focus of Europe’s diplomacy

From Nicholas Westcott, Professor of Practice in Diplomacy, Department of Politics and International Studies, Soas University of London, London WC1, UK

Letter: Where investment funds are located is separate issue

From Priyanka Dutt, London WC2, UK

Letter: Silence is golden

From Andrew Vigar, Singapore

UK Treasury to review wasteful spending by Whitehall departments

Outside experts will help assess where government initiatives can be more joined-up

UK chancellor hails ‘golden age’ for City after easing tax and regulation

Rule changes for share and bond listings in London come into force on Monday

House prices jump across Britain as sentiment rebounds after Budget

January increase reverses sharp contractions in previous months

Chris Hohn beats hedge fund rivals with record-breaking $19bn profit

TCI’s 2025 gain for investors was the industry’s largest, according to annual ranking

FT Crossword: Number 18,271

Another shadow Tory minister jumps ship to Reform UK

Andrew Rosindell cites Chagos Islands dispute in becoming latest sitting Conservative MP to join Nigel Farage’s party

Syria announces ceasefire with Kurds

Deal set to dismantle more than a decade of Kurdish self-rule in the country’s north

Business school professors’ picks

Topical FT articles and suggested classroom questions

UK parties unite to condemn Trump’s tariffs threat over Greenland

Keir Starmer will on Monday urge the US president to step back from the brink of trade war with European countries

FirstFT: EU prepares €93bn tariffs in response to Trump’s Greenland threat

Also in today’s newsletter: Chinese spending on Belt and Road Initiatives surges, and drinks makers hit by historic downturn

US justice department says it is not investigating ICE agent over shooting

Democratic mayor and governor made subject to federal probes amid protests in Minnesota over killing of Renee Good

EU readies €93bn tariffs in retaliation for Trump’s Greenland threat

Europe could also threaten to restrict US companies’ market access in run-up to crunch talks at Davos

Trump set to steal the limelight at World Economic Forum

Plus, Japan’s prime minister to reveal election date, IMF updates on growth, and Netflix and Rio Tinto report earnings