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GEOPOLITICAL RISK + GLOBAL MARKETS

WHAT YOU NEED TO KNOW

GLOBAL RISK

U.S. carrier navigates crowded waters as North Korea tensions mount -Reuters

PODCAST OF THE WEEK >> Area 45: The Geopolitics of China And North Korea The largest nation on the other side of the Pacific Rim plays an outsized role in economic and geopolitical matters, including trade, global aspirations, and finding a solution to the escalating tensions with North Korea. -Hoover Institution

The Dangers of Demographic Denial Political and business leaders in emerging economies frequently boast that their countries' young, fast-growing populations will be a boon for investment and output. But the world young people inhabit is increasingly one in which the jobs they need are being automated away. -Project Syndicate

CHINA RISK

Xi Jinping And The Party’s “Guiding Ideology” As the 19th Party Congress approaches, there is widespread speculation that the party constitution will be revised to incorporate concepts associated with party General Secretary Xi Jinping as part of the party’s authoritative “guiding ideology.”  -China Leadership Monitor

XI FOREVER >> China's Next President: Reading the Tea Leaves of Chinese Politics It’s time to push back against the “Xi Forever” narrative and take a deep dive into political maneuvering in China. -The Diplomat

Wang Qishan: China's enforcer-in-chief Anti-corruption czar may be persuaded to take economic post With less than a month until the opening of China's Communist Party congress, the hottest political question in Beijing concerns the fate of Wang Qishan, leader of the party's ferocious anti-corruption campaign. -Nikkei

The General Secretary’s Extended Reach: Xi Jinping Combines Economics and Politics Xi Jinping has seized the initiative in economic policy, making himself the dominant actor in financial regulation and environmental policy, among other areas.  -China Leadership Monitor

HONG KONG RISK

Tens of thousands march to defend Hong Kong's rule of law against China Tens of thousands marched in China-ruled Hong Kong on Sunday in an “anti authoritarian rule” march that called for the resignation of the city’s top legal official over the recent jailing of young democracy activists. -Reuters

WATCH THE CONNECT >> Spanish Police Storm Polling Stations to Block Catalan Vote -Bloomberg

SOUTH KOREA RISK

Trade with South Korea increases even as China’s government fumes [E]ven though China’s government has relentlessly tried — and succeeded, particularly in the cases of supermarket chain Lotte and automaker Hyundai — to punish South Korea for installing a U.S. missile defense system (known as THAAD), Chinese consumers can’t seem to get enough of most South Korean products. -SupChina 

China imported $88.1 billion worth of goods from its northeastern neighbor from January to August this year, up 12 percent from last year.

JAPAN RISK

Disapproval rating for Japan PM Abe exceeds support: Kyodo poll -The Straits Times

In a Kyodo survey conducted on Sept 30 and Oct 1, 46.2 per cent of respondents said they did not support Abe's administration, exceeding 40.6 per cent expressing support.

Koike campaign joined by Osaka, Aichi governors for October election Tokyo gov. maintains she will not run -Nikkei 

TPP FALLOUT >> U.S. beef imports to Japan fell 26% in August, while Aussie shipments rose 30% Imports of frozen beef from the United States in August dropped 26 percent from a year earlier, following Tokyo’s introduction of a safeguard measure, according to the agriculture ministry. -The Japan Times

Abe eager to push deregulation in bid for Japan to become innovation capital Delivering a speech at an international conference on science and technology in Kyoto, Abe said he aims to make Japan a “cradle” for the so-called open innovations that go beyond organizational boundaries for the development of novel products and services. -The Japan Times

TAIWAN RISK

William Lai in hot water after 'pragmatic independence advocator' comment Amid controversies over Premier William Lai's proclamation as a pragmatic supporter of Taiwan independence, Lai appealed to lawmakers not to inquire his "personal stance" on the issue in the future. -The China Post

Why are so many Hongkongers moving to Taiwan? A familiar culture with a higher quality of life, lower living costs, and the odd cha chaan teng, what’s not to like about Taipei for Hongkongers? -SCMP

Ministry seeks investors for 55 transport projects The Ministry of Transportation and Communications is hosting a convention on Oct. 17 to attract private-sector investment and funding for 55 public infrastructure projects. -The Taipei Times

SOUTHEAST ASIA RISK

China, Vietnam look to warm ties ahead of Apec summit, but is it all part of Hanoi’s balancing act? Despite recent promises to boost trust, cooperation, relations between the two communist neighbours are still far from settled -SCMP

The way forward for Singapore-China relationship -The Straits Times

Economics and Democracy: Myanmar’s Myriad Challenges Nationalism and the crisis in Rakhine hide the economic roots of the NLD’s weakness. -The Diplomat

APAC || GLOBAL MARKETS IMPACT + OPPORTUNITY

GLOBAL BUSINESS

DIGITAL TRADE ON >> China's bitcoin market alive and well as traders defy crackdown Weeks after Beijing banned fundraising through token launches and ordered some bitcoin exchanges to shut, casting a chill over the cryptocurrency industry, traders say that the market is far from dead. -Reuters

China sets 2019 deadline for automakers to meet green-car sales targets China has set a deadline of 2019 to impose tough new sales targets for electric plug-in and hybrids vehicles, slightly relaxing an earlier plan to launch the rules from next year that had left global automakers worried about being able to comply. -Reuters

THE WAY OF THE MASTER >> China’s Weibo Hires 1000 ‘Supervisors' to Censor Content Weibo asks that each supervisor censor no less than 200 pieces of content per month -The Diplomat

Facebook Blocks Chinese Billionaire Who Tells Tales of Corruption The social media network said it had blocked a profile under Mr. Guo’s name and taken down another page associated with him. Facebook said the content on both pages had included someone else’s personal identifiable information, which violates its terms of service. -NYT

Fed fines HSBC US$175m for lax forex oversight The US central bank on Friday fined global banking giant HSBC Holdings PLC US$175 million for failing to oversee foreign exchange traders who misused confidential client information and colluded with traders at competing banks. -The Taipei Times

Nippon Express climbs aboard China's Belt and Road Initiative New service to carry goods from port along East China Sea to Europe -Nikkei

European auto engineering companies setting up shop in Japan Automakers turn to specialists' help to deal with vast technical challenges -Nikkei

TSMC picks Tainan for its 3nm fab -The China Post

GLOBAL MACRO

China oil giant enters Singapore petrol station business -The Straits Times

Looming election may be nail in coffin for Japan's fiscal reform Even as a new party under a populist female leader scrambles the outlook for Japan’s general election next month, one thing is clear: the winner will loosen a grip on the government’s runaway debt as lawmakers forego higher taxes or boost spending. -Reuters