People visit the World Artificial Intelligence Conference at the Shanghai World Expo Exhibition and Convention Center in Shanghai on July 26, 2025. © ReutersWelcome to Your Week in Asia.The World Artificial Intelligence Conference (WAIC) in Shanghai, now in its ninth year, is set to showcase China's advances in AI as its low-cost models gain traction globally. The conference comes on the heels of a United Nations meeting in Geneva on AI governance, which highlighted the contrasting attitudes of the U.S. and China.With inflation above the Bank of Korea's target and robust growth fueled by the semiconductor sector, the South Korean central bank is expected to begin a cycle of rate hiking. The monetary policy meeting also comes amid weakness in the won.Get the best of our coverage of Asia and