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GEOPOLITICAL RISK + GLOBAL MARKETS

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GLOBAL RISK

IMF chief cheers broadest recovery in decade The IMF will release its World Economic Outlook on Tuesday at its annual meetings in Washington. In July, IMF projected that the global economy will grow 3.5 per cent this year and 3.6 per cent next year. -The Straits Times

East Asia Pacific Economic Update, October 2017: Balancing Act -The World Bank

·       Growth Prospects for 2017 and 2018 remain positive for developing East Asia and the Pacific

·       Larger economies faring well, mixed outlook for smaller countries

·       Priorities for Reforms

READ THE FULL REPORT >> East Asia Pacific Economic Update, October 2017: Balancing Act

CHINA RISK

An unpredictable Trump means it’s Xi’s world – if he knows how to take it Beijing will base its long-term geopolitical strategy depending on the US approach to Asia, but it will need to work on its own approach as well -SCMP

Chinese watchdog says 1.34 million officials punished for graft since 2013 -Reuters

The walls are closing in: China finds new ways to tighten Internet controls Since passing its broad new Cybersecurity Law in June, the Communist Party has rolled out new regulations — and steps to enforce existing ones — that reflect its desire to control and exploit every inch of the digital world -The Washington Post

THINK TANK WATCH >> Could Infrastructure Help Strengthen U.S.-China Trade Ties? the Center for China and Globalization (CCG) and the China Society hosted a panel of speakers to discuss developments in the trading relationship between the two countries and the opportunities and challenges the new administration poses. -Caracal Global

“As much as we all like free markets, government is right around the corner” -Marc Ross

JAPAN RISK

At debate, Abe pins election hopes on tough stance against North Korea Prime Minister Shinzo Abe on Sunday justified his decision to call a snap election later this month as a chance to seek a mandate from the public on his policy of maximizing pressure on North Korea ahead of a series of meetings with world leaders, including U.S. President Donald Trump, later this year. -The Japan Times

In Trailblazing Tokyo Governor, Japan Meets Its Great Disrupter -NYT

Japan's Koike says her party offers centrist choice to voters Tokyo Governor Yuriko Koike said on Sunday her new party aims to offer voters a “middle of the fairway” choice, seeking to differentiate her group from ruling, conservative Liberal Democratic Party and smaller, left-leaning opposition parties. -Reuters

What has Abenomics really achieved in five years? Prime minister claims to have spurred economic recovery, but results are meager -Nikkei

TAIWAN RISK

Taiwan to redefine its role in Asia: presidential advisor Taiwan’s New Southbound Policy is the country’s “regional strategy for Asia,” as the country used to identify itself only with Northeast Asia but now wants to integrate itself more deeply into the South and Southeast Asia regions, presidential advisor Michael Hsiao (蕭新煌) -The China Post

Xi might give Taiwan deadline: Bush Commenting on a report that Henry Kissinger is pushing a fourth US-China communique, a former AIT director said it was ‘highly unlikely’ -Taipei Times

China-based Taiwanese businesses urged to return to Taiwan The Straits Exchange Foundation (SEF) on Thursday called on Taiwanese companies operating in China to think about bringing their investments back home. -The China Post

SOUTHEAST ASIA RISK

Jokowi's popularity zooms to new high President Joko Widodo will likely win by a landslide and return to office for a second five-year term if an election is held in Indonesia today, recent polls show. -The Straits Times

Geopolitical situation in N. Korea concerning: Minister Finance Minister Sri Mulyani Indrawati has said she is more concerned about security and the geopolitical situation in North Korea than the United States and its central bank's policy. -Jakarta Post

Getting out of Thailand's political cul-de-sac For ruling elites, quest for legitimacy could prove a trap of their own making -Nikkei

Myanmar's resurgent nationalism shapes new political landscape Extreme sentiments fueled by social media highlight external, internal disconnect -Nikkei

APAC || GLOBAL MARKETS IMPACT + OPPORTUNITY

GLOBAL BUSINESS

U.S. business groups say WTO unable to curb many Chinese trade practices -Reuters

Entrepreneurship in China: strong or dispirited? Private sector progress has been slow, despite the public backing of Beijing -SCMP

China approves HP's $1.1 billion buy of Samsung's printer business with curbs China said on Thursday it has approved HP Inc’s (HPQ.N) $1.1 billion purchase of Samsung Electronics’ (005930.KS) printer business with certain restrictions, citing concerns about the U.S. firm’s dominance of the domestic laser printer market. -Reuters

THANK YOU, CAPITAN OBVIOUS >> How global geopolitical forces play in a Chinese private firm’s favour in the purchase of key Russian jewel energy asset Some analysts believe the 14 per cent stake in the world’s largest listed oil firm by output was a result of political consideration on Beijing’s part -SCMP

Kobe Steel says specification data falsified on aluminium, copper products TOKYO (Reuters) -- Japanese steel maker Kobe Steel said that its internal checks found that data was fabricated to falsely show that aluminium and copper products met customer specifications, according to a statement issued on Sunday. -Nikkei

Foxconn gets to have its cake and eat it too -Taipei Times

KYC RISK >> Standard Chartered Faces Inquiry Over $1.4 Billion Transfer by Indonesians Regulators in Guernsey and in Singapore have opened an inquiry into Standard Chartered over the transfer of about $1.4 billion by clients with links to the Indonesian military. -NYT

Global firms join rush to bet on Indonesia as next start-up frontier Big-name investors including Expedia and Alibaba are pumping billions of dollars into Indonesian tech start-ups in a bid to capitalize on the country’s burgeoning digital economy and potential as Southeast Asia’s largest online market. -The Jakarta Post

GLOBAL MACRO

Chinese shares tipped for gains in lead up to the 19th Party Congress -SCMP

State of the Blockchain: Japan rises as bitcoin market leader So why is Japan approving cryptocurrency exchanges while China is banning them? Are the governments in control of the blockchain revolution? Welcome to State of the Blockchain, where we explore the biggest developments in the blockchain and cryptocurrency world. -Tech-in-Asia