Five Things You Need to Know to Start Your Day: Asia

China unveils 20 measures to boost spending. Buffett slashes stake in Apple. Asian stocks are set to drop. Here’s what you need to know today.

China’s government has laid out its priorities to spur consumer spending as weak domestic demand continues to weigh on growth. The State Council on Saturday outlined 20 key steps, including exploring the potential to expand basic consumption in areas such as catering, home services and elder care, according to a statement posted on the central government’s website. Authorities will also look to foster new types of spending, cultivate unmanned retail stores and support the development of electronic sports and live streaming e-commerce. Get the full story here.