Good morning, and welcome to a new week of Asia Links
John Lee has been formally named as Hong Kong’s new leader (FT, BBC, People’s Daily)
John Lee vows ‘new chapter’ for Hong Kong (SCMP)
Mainland liaison office lauds development of ‘democracy with Hong Kong characteristics’ in 5,000-word article (SCMP)
EU says HK election ‘violation of democratic principles’ (Guardian, SCMP)
Li Keqiang orders action on job stability in run up to Congress (SCMP)
Shanghai tightens lockdown to hit zero-covid target by late May (Reuters)
Workers at Apple China plat clash with guards over lockdowns (Bloomberg, Reuters)
China’s effective anti-pandemic efforts bespeak institutional strength (People’s Daily)
Shanghai lockdown tests Xi’s loyalties in China’s Communist Party (FT)
China stimulus fails to ignite housing sales over key holiday (Bloomberg)
China remains an outlier in a world of surging inflation (WSJ)
The FAO Food Price Index retreated slightly in April from March’s all-time high
A global commodity shock without parallel (World Bank)
US and China regulators discuss possible audit deal (FT)
Colombo calm after Sri Lanka declares state of emergency (Reuters)
Sri Lanka in talks for $100m emergency loan from AIIB (Reuters)
The Philippines goes holds presidential elections today (SCMP, Reuters)
Vietnam out-exported Shenzhen in the first quarter (Week in China)
North Korea test-fired a missile from a submarine (AP, NY Times)
CIA director Bill Burns says China ‘unsettled’ by Ukraine War (FT)
US sanctions on Hikvision would dangerously escalate China tech tensions (Carnegie Endowment)
Why is China’s powerful export engine losing steam? (Caixin)
Reimagining the future of financial-services headquarters (McKinsey)
Nine out of ten central banks are investigating CBDCs (BIS)
Why the luxury market needs to hedge against China (FT)
Fintech: Financial inclusion or exclusion? (IMF)
Opinion: Barry Eichengreen on the (limited) economic realignment the Ukraine war is creating (East Asia Forum)
New York’s top-shelf sushi surges bast $1,000 a meal (Nikkei Asia)
And finally: Kami Rita Sherpa scales Mt. Everest for 26th time, beating his own record (Guardian)