Dolce & Gabbana chopstick snafu a warning to global brands The Italian luxury brand's ad depicting a Chinese woman fumbling to use chopsticks to eat pizza has backfired badly on a firm dependent on China for growth -The Asia Times

China’s mobile apps collect too much data, says consumer body -SCMP

  • Many apps collect excessive data, do not make clear how they share data with third parties, according to report by China Consumers Association.

China's gene-edited babies cry out to regulators China’s genetically-edited embryos are crying out to regulators. Shocking claims by a scientist who says he altered the genes of twin girls born in November have sparked a firestorm. Clearer guidelines are needed. -Reuters

NDRC to expand overseas borrowing for foreign banks China is promoting the opening up of its financial sector, allowing foreign banks to borrow more debt in accordance with the needs of the economic situation -The Asia Times

China allows UBS control of a securities business -Taipei Times

“The China Securities Regulatory Commission [CSRC] recently approved UBS AG to increase the shareholding ratio of UBS Securities Co Ltd to 51 percent,” the regulator said in a statement late on Friday. “This is the first foreign-controlled securities company approved by the China Securities Regulatory Commission after the implementation of the Measures for the Administration of Foreign-invested Securities Companies.”

SAIC pushes into emerging markets with MG brand Chinese carmaker targets Thai and Indian drivers with affordability and features -Nikkei

In move likely to affect Japan carmakers, U.S., Mexico, Canada ink new NAFTA deal The accord — called the United States-Mexico-Canada Agreement (USMCA) — requires 75 percent of auto content to be made in the NAFTA region, up from the current level of 62.5 percent, a move that would make it difficult for automakers to use parts produced outside the three countries. -The Japan Times

Government forms six-member panel to look at selling 149 fields of ONGC, OIL to pvt companies -The Economic Times 

AB InBev's Indian unit accused of avoiding tax Brewer embroiled in controversy over royalties -Nikkei

Nissan-Renault alliance row developing into diplomatic feud -The Japan Times

Grab and Vietnam taxi firm agree to settle competition case out of court Vinasun sued Grab and Uber in a Ho Chi Minh City court in May 2017, accusing the ride-hailing apps of unfair business practices that had cost it US$1.76 million in lost profits over the preceding 12 months. -Tech-in-Asia

LIBERALIZE? VN needs to simplify property laws for foreigners Foreign buyers have often faced barriers to buying real estate in Việt Nam, including the limitation of the law on the foreign ownership portion of each property project. -VietNam News

NO PROTECT Indonesian government backpedals on relaxed DNI policy President Joko “Jokowi” Widodo has decided to heed the call of businesspeople to maintain restriction on foreign investments in several sectors out of concern that liberalizing them may harm small and medium enterprises (SME), an official has said. -Jakarta Post


WHITE HOUSE STATEMENT HERE Statement from the Press Secretary Regarding the President’s Working Dinner with China -WH

90 DAYS AND A DREAM China, U.S. declare 90-day halt to new tariffs: White House

Beijing for its part agreed to buy an unspecified but “very substantial” amount of agricultural, energy, industrial and other products, the White House said in a statement.

The two sides would also launch new trade talks to address issues including technology transfer, intellectual property, non-tariff barriers, cyber theft and agriculture, it said.

If no deal is reached within 90 days, both parties agreed that the 10 percent tariffs will be raised to 25 percent, the White House said. -Reuters

APERITIF China Is Inching in the Right Direction Never mind “Thucydides’s trap.” Today’s rising power seems to have taken history’s lessons to heart. -Bloomberg

DIGESTIF Trump-Xi Truce Does Little to Bridge Vast U.S.-China Divide For most of the past year, the U.S. and China have failed to make significant headway in resolving issues at the heart of an escalating trade war. Another 90 days is unlikely to change much. -Bloomberg

New G20 chair Japan wants trade imbalances, aging population on 2019 agenda -Reuters

Taiwan's new 'CEO mayor' plays up economic goals over China ties Han Kuo-yu of the pro-Beijing Kuomintang stunned the president's party in Kaohsiung -Nikkei

South Korea launches new trade bill and electoral blockchain Seoul launches crypto-friendly bill trade bill that provides definition of ‘online money’ while government also works on a blockchain voting system -The Asia Times

In Indonesian elections, how far can VP candidate Sandiaga push Widodo over the economy? -SCMP

  • The multimillionaire running mate of Prabowo Subianto is vocal about his plans for business and finance

  • He’s not setting GDP growth rates, but has opened his arms to Chinese investment