Good morning, and welcome to Thursday’s Asia Links
Overnight
S&P500: -0.19; FTSE100: -0.43; HSI: -3.22%
China abandons key parts of its zero-covid strategy (BBC, FT, WSJ, SCMP, AP, Caixin)
Beijing unveils 12-point plan to rescue covid-hit economy (SCMP)
Xi’s swift retreat shows China’s masses they have real power (Bloomberg)
China travel searches surge as public cheers covid easing (Reuters)
China risks ‘wave of infections’ after relaxing covid policy, warns Fauci (FT)
EU escalates WTO case against China over patents, Lithuania (Reuters)
Beijing allows US export-control checks on Chinese companies (FT)
TSMC founder Morris Chang says globalisation ‘almost dead’ (Nikkei Asia)
India’s RBI raises rates by 35bp to 6.25% (Reuters)
China third largest destination for FDI after US and the Netherlands? (IMF)
What is the significance of the China-Arab summit (People’s Daily)
Jack Ma has no plans to live abroad permanently, sources say (SCMP)
Credit Suisse edges towards $440m clash with SoftBank (Bloomberg)
Hong Kong threatens to move Jimmy Lai case to mainland China (Bloomberg)
Mining magnate Andrew Forrest becomes Australia’s biggest renewables player (FT)
Thai opposition pledges to double minimum wage ahead of election (Nikkei Asia)
Bali bombmaker Umar Patek paroled after serving half his sentence (AP)
Humanity has become ‘weapon of mass extinction’ UN head tells COP15 (Guardian)
Climate risks are real and need to become part of bank capital regulation (VoxEU)
Australia seeks ‘clarity’ on how Indonesia’s criminalisaton of extra-marital sex will affect tourists (SCMP)