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Xi Jinping makes plenty of promises on belt and road plan, but can China deliver? -SCMP

·        Chinese president vows to stick to international rules and standards as he seeks to show that Beijing is paying heed to concerns

·        Joint statement issued after three-day summit emphasizes financial sustainability, pollution control and anti-corruption efforts

Thousands take to Hong Kong streets to protest new extradition laws Thousands of people marched on Hong Kong’s parliament on Sunday to demand the scrapping of proposed extradition rules that would allow people to be sent to mainland China for trial — a move which some fear puts the city’s core freedoms at risk. -The Japan Times

Under pressure for win, Trump sought swift Japan trade deal Abe promises to deliver by US elections, but has own calendar calculations -Nikkei

US-Japan Trade Agreement Negotiations: Why Now? Japan is ready to give Trump a signature economic win. Here’s why. -The Diplomat

GLOBAL BUSINESS

China urges UK not to discriminate against Huawei in 5G development China on Sunday warned Britain not to discriminate against companies involved in developing the 5G network and to resist pressure from other countries over whether it should work with Huawei Technologies. -Reuters

Italian PM assures Huawei it won't face discrimination -Reuters

Nidec to add plant in China's Dalian for electric-car motors Japanese manufacturer plans $500m investment to build up new growth engine. Japan's leading electric motor manufacturer, plans to invest $500 million in a new electric-vehicle motor factory in China, doubling down on a field with high hopes for growth, Nikkei has learned. -Nikkei

No China-US cold war but visa freeze puts mutual insight on ice -SCMP

·        Essential but non-official connections between the two countries are being pulled apart just as they are needed most

Number of Japan visas issued in 2018 hit record high The number of visas issued by Japan’s diplomatic missions abroad in 2018 rose 18.5 percent from the previous year to a record 6,952,804, the Foreign Ministry has said. -The Japan Times

Japan denounces WTO ruling in favor of South Korean ban on some Japanese seafood Tokyo on Friday denounced a recent World Trade Organization ruling that supported a South Korean ban on imports of some Japanese fishery products introduced in the wake of the 2011 Fukushima nuclear disaster. -The Japan Times

Jet Airways: India's aviation boom runs into turbulence -BBC

LG Electronics to move smartphone production to Việt Nam The Republic of Korea (RoK)’s LG Electronics plans to move its smartphone production to Việt Nam to cut losses its mobile devices business has suffered since the second quarter of 2017. The firm is scheduled to shut the Pyeongtaek plant in the south of Seoul and shift its production line to the northern port city of Hải Phòng. -VNews

MOU between UOB, SGX and Chinese business association to help Chinese firms expand into Asean Two Singapore firms have inked a deal with a Chinese business association to help Chinese companies wanting to expand to Singapore and beyond. -Straits Times

Malaysia revived China railway to avoid $5 bn penalty: PM Malaysia would have faced a $5-billion penalty if a China-backed rail project was axed entirely, the prime minister said Monday, after a deal was reached to revive the controversial scheme. -The Jakarta Post

GLOBAL MACRO

China's securities regulator says has not changed rules for IPO review The China Securities Regulatory Commission said in a statement published on its website that it will continue to strictly control the access to capital market and enhance market anticipation to better serve high-quality development of the real economy. -Reuters

China's swine fever outbreak sets off scrap over pork Meat prices climb worldwide as importers scramble and consumers switch products -Nikkei

In trade war talks, China may want US agricultural imports, but what it needs is food security -SCMP

·        Washington and Beijing should know that a deal to end the trade war that increases Chinese reliance on US agriculture and US farmers’ dependence on Chinese markets is actually a lose-lose

Forestry exports on the rise Forestry exports were estimated to have hit US$3.3 billion in the period, a year-on-year increase of 17.8 per cent, including $875 million in April alone. -VNews

Key markets for Vietnamese forestry products included the US, Japan, the EU, China and the Republic of Korea, accounting for 87 per cent of the exports, it said.

After Duterte’s Threats Over Tons of Old Trash, Canada Says It’s Working on It -NYT

Episode 294: Blockchain & Cryptocurrency Regulation across Asia Pacific Discusses the major misconceptions on the regulation of cryptocurrency and blockchain by governments across Asia Pacific and how startups and major corporations need to do in order to navigate the ever-changing industry with blockchain and cryptocurrency. -Analyse Asia