Asia Links

Tuesday, November 2

Good morning, and welcome to Tuesday’s Asia Links

The Dow briefly jumps above 36,000, finishes at a record (WSJ)

Japan’s LDP wins comfortable victory in elections (FT, Guardian)

• But a little-known right-wing party based in Osaka – the Constitutional Democratic Party of Japan – is now the third biggest in the lower house (Reuters)

Climate change

• India promises net zero by 2070 (BBC, FT, Bloomberg)

• Climate change could bring unlivable conditions for 3 billion people, scientists say (FT)

• New World Bank reports estimates that climate change could displace as many as 216 internal migrants globally by 2050, or 44 m depending on what actions we take (World Bank)

• Hurricane forecasters run out of names for Atlantic storms (WSJ)

• The shortcomings of using financed emissions as a measure of the carbon footprint of a financial institution (McKinsey)

• The IMF says we need to be much more ambitious

China’s top 100 real estate developers say sales declined by one-third in October (Caixin)

Supply chain uncertainties prompting executives to shift production from the cheapest countries where they have greater control (WSJ)

India exports hit record $35.5bn in October, trade deficit shrinks to $20bn (LiveMint)

Most diplomatic and top business executives will lose their quarantine exemptions in Hong Kong from Nov 12 (SCMP)

• The head of the American Chamber of Commerce in China warns of an expat executive exodus as covid travel restrictions bite (FT)

Australia offers new permanent visas for Hong Kong nationals (Reuters)

China has applied to join the Digital Economy Partnership Agreement between Chile, New Zealand and Singapore (China Daily)

China’s Personal Information Protection Law came into force yesterday – what does it mean? (Sixth Tone)

Forbes Asia Power Businesswomen 2021 (Forbes)

Singapore has grand ambitions to become a global Crypto hub (Bloomberg)

• Roller-coaster: The Squid game crypto currency’s ride from 1 cent to $2,861 and back to 0.5c in a week (Bloomberg)

Barclay’s CEO Jes Staley resigns over his statements on Epstein links (FT, WSJ)

Wonkery: the backlash against globalization (VoxEU)

More wonkery: the challenges of a global corporate tax rate (NBER)

And finally: China locks 30,000 visitors inside Shanghai Disneyland after covid case (WSJ)