Good morning and welcome to Tuesday’s Asia Links
Overnight
S&P500: +1.43%, FTSE100: -0.43%, HSI: -2.20%
Queues form at fever clinics as China wrestles with covid surge (Reuters, Caixin, WaPo)
China to deactivate national covid tracking app (BBC, Guardian)
Indian and Chinese troops clashed on disputed border Dec 9 (FT, WSJ, Reuters, AP, Scroll)
Can India build a military strong enough to deter China? (FT)
China slams US sanctions over alleged rights abuses in Tibet (Reuters)
China tries to push back on US chip sanctions with WTO case (Bloomberg, Reuters)
Billionaire developer Zhang Li of Guangzhou R&F Properties arrested in London over US bribery charges (SCMP, Bloomberg)
China restricts alcohol imports from Taiwan (SCMP)
Taiwan bans government workers from using TikTok, China streaming services (Taipei Times)
India inflation fell below 6% in November, lowest this year (Reuters, Scroll)
Bumper grain harvest in China (SCMP, People’s Daily)
Japan buys Tomahawk missiles in defence buildup (WaPo)
Booming Chinese family offices in Singapore recruit top bankers (FT)
Chinese brands spent $1.4bn on World Cup ads, sponsorships (Nikkei Asia)
India’s biggest winemaker launches IPO (FT)
Filipino billionaire Andrew Tan to list Emperador Properties in Spain at $1bn valuation (Forbes)
South Korea says fugitive Terra founder Do Kwon is in Serbia (BBC, Bloomberg)
Visualising the increasingly extreme inversion of the yeild curve over the last year (Visual capitalist)
Australia regulator sues current and former Star casino executives (Reuters)
Three dead as gunmen hit China hotel in Kabul (SCMP, Bloomberg)
Global debt fell to 247% of GDP in 2021, 10ppt below its 2020 peak (IMF)
Bali tourists won’t be charged under new extra-marital sex law (BBC, Guardian, Nikkei Asia )
Police in China arrest gamg who laundered $1.7bn via crypto (CNBC)
Chinese snooker player Yan Bingtao suspended over match fixing allegations (Reuters)
Hong Kong presses Google to remove protest anthem from searches (Guardian, Reuters)