We are acting in bad faith if we push small businesses into the world market without training and preparation -SCMP

  • Small-and-medium enterprises account for most of the businesses in Apec, and most jobs. They are the acorns from which tomorrow’s biggest companies grow

US to ease restrictions on space tech tie ups -- except with China Trump administration plans move to counter Beijing military expansion -Nikkei

Trump Is Doing China a Favor The “Made in China 2025” industrial strategy is going to cause Beijing more headaches than anyone. -Bloomberg

CHINA ENTRY Panasonic opens research hub in Xi's signature smart city China sales to reach $17bn by 2030, matching Japan, says President Tsuga -Nikkei

CHINA MAYBE ABB signs potential $1.9 billion deal for Power Grids products in China A decision to sell Power Grids, which makes transformers and substations for transmitting electricity, marks a reversal for ABB after it decided to keep the business two years ago despite calls from some shareholders to sell. -Reuters

CHINA EXIT Nike apparel supplier Eclat sees growth opportunity in trade spat Taiwan's leading sportswear maker sees strong trend of production shift from China Eclat's bold decision to close its only factory in China, in the eastern city of Wuxi, and completely exit manufacturing in the country by December 2016 now seems like a wise choice, as fabrics have already been hit under the package of tariffs that the U.S. imposed on $200 billion-worth of Chinese imports in late September. -Nikkei

NO CHOICE BUT CHINA China’s Christmas Village Isn’t Worried About Trump’s Trade War Yiwu has plans to get around White House tariffs on holiday lights. Wang predicts that Americans will simply pay more for their lights, because retailers don’t have any cheaper options. -Bloomberg 

“They can’t get this stuff anywhere else”

#CORRECT Trade war presents opportunity for VN Vietnamese firms should see the trade war between US and China as an opportunity to become more competitive and eye long-term growth rather than just to make small profits in the short term, experts told a seminar in HCM City on Friday. -Viet Nam News

France, Japan reaffirm support for Renault-Nissan alliance -Reuters

ELECTIONS MATTER Malaysia will seek $4.5 bn in damages from Goldman Sachs Malaysia Attorney General Tommy Thomas is preparing a more punitive than previously indicated civil complaint against Goldman for its alleged high-level role in 1MDB fund losses -Asia Times

INDONESIA OPENING? Government to go ahead with revised negative investment list amid protest Industry Minister Airlangga Hartarto has said the government would go ahead with its plan to launch a new negative investment list (DNI) policy on Nov. 26, despite protests from the Indonesian Chamber of Commerce and Industry (Kadin). Kadin particularly questioned the decision to allow foreign investors to own 100 percent shares in 25 business units in the country. -The Jakarta Post


TOP TEN IN APAC World Talent Ranking 2018 -IMD

Singapore = No. 13

Australia = No. 14

Honk Kong SAR = No. 18 

New Zealand = No. 20

Malaysia = No. 22

Taiwan = No. 28

Japan = No. 31

South Korea = No. 33

China = No. 39

Thailand = No. 42

THE WEST’S CHINA DREAM The World Can Change China Historically, pressure from the West has led to many of the country’s toughest and most influential reforms. -Bloomberg

InVault’s cryptocurrency custodian service debuts in Hong Kong as new regulations kick in -SCMP

  • InVault’s launch comes after Hong Kong imposed news on cryptocurrency exchanges and managers to employ a custodian service

  • Shanghai-based InVault has about 1 million ethereum under custody in mainland China

Hold the phone: Cheaper mobile charges to complicate BOJ's inflation push Japan’s central bank is facing fresh challenges as it struggles to hit its ambitious inflation target, with planned cuts in mobile phone charges and education fees expected to weigh on consumer prices in coming years. -Reuters

EU trade commissioner expresses support for Japan’s goal to reform WTO The European Union and Japan see reform as necessary to check dubious trade practices by members such as China and to create a more level playing field. -The Japan Times

India Is Missing the Wake-Up Call From Its Shadow-Bank Bust Ratings companies and mutual funds refuse to heed lessons from the $12.8 billion bankruptcy of IL&FS Group. -Bloomberg

Taichung mayor-elect eyes economy, ‘1992 consensus’ Taichung mayor-elect Lu Shiow-yen (盧秀燕) yesterday said that she would strive for economic growth and avoid political disputes after her win in the nine-in-one elections on Saturday -Taipei Times

Beijing seeks to build ties with Taiwanese cities after ruling party suffers election defeat -SCMP

  • Local elections saw independence-leaning Democratic Progressive Party lose control of several strongholds

  • US says polling highlights strength of self-ruled island’s democratic system

The need for high-level US-Taiwan economic dialogue -Taipei Times

Singapore's financial system resilient amid greater global risks: MAS -The Straits Times