Good morning and welcome to a slightly delayed Asia Links
Overnight
S&P500: -1.44%, FTSE100: -0.61%, HSI: -0.41%
China debt ratio hits record high at three times GDP (Nikkei Asia)
German chancellor warns against isolating China (SCMP)
Beijing reinstates dining-in, reopens gyms in widest covid easing measures yet (Straits Times)
China’s elderly vaccine refuseniks pose obstacle for Xi Jinping (FT)
China’s Communist party strives for unified image at Jiang Zemin funeral (FT)
World Bank raises India growth forecast from 6.5% to 6.9% (Scroll)
World Bank report says poorest countries’ debt repayments rise 35% (Guardian)
TMSC triples Arizona chip investment to $40bn (FT)
China relaxes restrictions on overseas loans so developers can repay bonds (Caixin)
ESG fund downgrades top $125 billion as Axa ads to tally (Bloomberg)
Hitachi to hire 30,000 tech workers, defying global wave of layoffs (Nikkei Asia)
Morgan Stanley cut about 2% of global staff on Tuesday, sources say (CNBC)
Xi Jinping arrives in Saudi Arabia today (Reuters, NY Times)
Vietnamese EV maker Vinfast files for US IPO (Reuters)
Google launches anti-misinformation campaign in India (Reuters)
Indonesia passes law banning sex ouside marriage & insulting the president. Insulting the president while committing adultery to be a giant no no. (FT, BBC, Jakarta PostGuardian, NY Times)
Hong Kong schools cut over 40 Form One classes amid student population drop (SCMP)
US military to increase presence of rotational bombers in Australia (Reuters)
US upgrades Patriot missile package for Taiwan (Taipei Times)
China reiterates its no-first-use nuclear policy (AP)
Philippines inflation rises to 14-year high of 8% in November (Inquirer)
A map of global inflation — double-digit inflation in almost half of countries (Visual Capitalist)
Mongolians clash with police in protest against inflation and graft (Reuters)
Food prices are now only 0.3% above Nov 21 prices, but still almost 30% above Nov 2019 (FAO)
Forbes publishes its 2022 Asia Heroes of Philanthropy list
China’s restive middle class will be Xi’s greatest test yet (Foreign Policy)
Has China’s one-child policy effectively precluded a pro-democracy movement? (Project Syndicate)
Pandoravirus: the melting Arctic is releasing ancient germs (Conversation)
Boeing’s last 747 is rolling out of the factory after 50-year production run (CNBC)