Asia Links

Monday, November 1

Good morning, and welcome to a whole new week of Asia Links

China manufacturing activity fell for the second straight month in October on property turmoil and energy shortages (FT)

Japan elections: ruling Liberal Democrats defy predictions to retain control of the lower house (FT, Nikkei Asia)

G20 offers little new on climate, leaving uphill battle for COP 26 (Reuters)

• India proposes new rules to push green energy use in industries (Reuters)

• The total value of carbon markets grew 20% in 2020 (McKinsey)

China property developers face $2 billion bond bill this month (Bloomberg)

China securities regulators release rules for new Beijing Stock Exchange (People’s Daily)

Xi Jinping hasn’t left China in 21 months as he refocuses on domestic issues (NY Times)

• Asia Sentinel says there is a power struggle between Xi Jinping and former political leaders

US says no change to its ‘one China’ policy (SCMP)

China’s covid outbreak has infected 377 people in the last two weeks (Reuters)

US and EU reach deal on steel and aluminum to encourage low-carbon production and take on China’s ‘dumping’ (FT, SCMP)

US authorities arrest fugitive Chinese fintech entrepreneur Shi Jianxiang for alleged visa fraud (WSJ)

Thousands march for reform of Thailand’s monarchy (Straits Times)

• Thailand has reopened for tourists (Bangkok Post)

Interesting. A lot of what we as a group think about groupthink is wrong (WSJ)

Wonkery: what do digital currencies mean for emerging markets? (BIS)

The owner of the restaurant where Tiramisu was invented (by his wife) has died (BBC)

And finally: A Squid Game cryptocurrency has gone from 1 cent to $4.39 in less than a week, despite the fact that it can’t be sold (BBC)