APAC MONDAYS

GEOPOLITICAL RISK+GLOBAL MARKETS

APAC | GEOPOLITICAL RISK

Trump’s Trade War Is Just Fine With Xi Jinping China’s far from desperate to reach a deal. -Bloomberg

China is Losing the New Cold War In contrast to the Soviet Union, China's leaders recognize that strong economic performance is essential to political legitimacy. Like the Soviet Union, however, they are paying through the nose for a few friends, gaining only limited benefits while becoming increasingly entrenched in an unsustainable arms race with the US. -Project Syndicate

Growing China-Russia defense ties leave West in a bind US and allies cannot easily split the new 'quasi-alliance' without compromising their principles -Nikkei Asian Review

Viva China! US stymied as Beijing extends influence into Latin America Amid a trade war with Washington, Beijing is on a worldwide charm offensive. The US 'backyard' - Latin America - is a key target -Asia Times

61% of LDP rank-and-file members back Abe over Ishiba in party presidential race -The Japan Times

Abe keeps his cool as Trump talks tough on trade Friendly round of golf might not be enough to reach an agreement -Nikkei Asian Review

Okinawans vote in key local municipal assembly elections; U.S. base issue tops Nago residents’ balloting -The Japan Times

Where America and China Stand on the Taiwan Issue A complex set of interactions are fueling tensions. -The Diplomat

US recalls diplomats in El Salvador, Panama, Dominican Republic over Taiwan -ChannelNews Asia

North Korea celebrates 70th birthday with parade, but does not show off intercontinental ballistic missiles -The Straits Times

IMPACT + OPPORTUNITY GLOBAL BUSINESS

State Capitalism 2.0 The collapse of the Soviet Union may not have marked the end of history, but it did inaugurate a "golden age" for laissez-faire economics. And yet, in less than 30 years, the retreat of the state has been reversed, with sovereign owners playing a more active role in corporate governance. -Project Syndicate

Apple says new China tariffs will raise prices on some products -The Straits Times

Trump tells Apple to make products in U.S. to avoid China tariffs U.S. President Trump tweeted on Saturday that Apple Inc (AAPL.O) should make products inside the United States if it wants to avoid tariffs on Chinese imports. -Reuters

Alibaba’s Jack Ma, China’s Richest Man, to Retire From Company He Co-Founded -NYT

How China Went From a Business Opportunity to Enemy No. 1 Republicans, Democrats, unions and manufacturers are aboard the anti-China train. What about Silicon Valley? -Bloomberg

Uber launches new taxi-hailing app in Japan Uber said it would launch a taxi-hailing app for taxis operating in Nagoya, as the US firm tries to expand its foothold in a country where it has been blocked from offering its own ride-sharing service. -Tech in Asia

Walmart unit asked to explain India business model after Flipkart buy India’s National Company Law Appellate Tribunal (NCLAT), a local semi-judicial body, has asked a Walmart Inc unit to explain its business model in India, following an objection raised by a traders body against its $16 billion acquisition of e-commerce firm Flipkart. -Reuters

Infosys to expand in SE Asia with Temasek joint venture India’s second-largest software services exporter Infosys Ltd said on Friday it formed a joint venture with Singapore state investor Temasek as it expands its presence in Southeast Asia. -Reuters

Facebook to build $1b data center in Singapore, its first in Asia -Tech in Asia

As the West isolates Myanmar, some investors dig in for the long term Attacks on minorities and the media cloud economic progress -Nikkei Asian Review

GLOBAL MACRO

China’s trade surplus with U.S. hits record $31 billion in August -The Japan Times

China's Trade Outlook Darkens as Trump Threatens Total Tariffs On Friday, U.S. President Donald Trump doubled down on his threats to impose higher tariffs on the nation’s goods, saying he’s ready to tax all imports "at short notice." While economists see the immediate impact of trade tension as limited, the effect on economic confidence may be larger, warned former People’s Bank of China Governor Zhou Xiaochuan. -Bloomberg

Beijing tests blockchain finance platform, state-backed crypto A new blockchain platform will financially link Guangdong, Hong Kong and Macau and a Chinese fintech lab tests a central bank digital currency -Asia Times

Inflation Dip in India May Be Mirage for Embattled Bond Traders Losses in the rupee -- Asia’s worst performer in 2018 -- have accelerated amid fears of an emerging-market contagion. -Bloomberg

Australian dollar also hit by emerging market angst -The Straits Times