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CHINA destabilizing Indo-Pacific: U.S. Defense Secretary -Reuters

CHINA warns that Beijing 'will not sit idly by' and let Hong Kong unrest continue -The Japan Times

CHINA says 'won't back down' on principles despite tariff threat Trade tensions flare anew after cabinet-level meeting in Shanghai produces little -Nikkei

Hong Kong police fire tear gas near Causeway Bay, Beijing's Liaison Office as protesters take over key roads -The Straits Times

Japan and South Korea Are Learning the Wrong Lessons From China The adoption of a rival’s coercive tactics by a U.S. ally is alarming. -The Diplomat

Is populism finally coming to Japan? -The Japan Times

Singapore's new opposition calls for curbs on foreign labor Progress party unveils agenda as it looks to challenge People’s Action Party -Nikkei

GLOBAL BUSINESS

Elon Musk to launch China unit for tunneling company this month Elon Musk will soon launch a China unit for his underground tunneling enterprise, The Boring Company, the billionaire entrepreneur said on Twitter. -Reuters

Beijing is using Chinese tourists to inflict economic pain – but does it work? -SCMP

·         Ban on individual mainland travelers going to Taiwan is the latest move to apply pressure on the self-ruled island

·         It’s not the first time China has used tourism restrictions in this way

Another four firms to invest in Taiwan: ministry NT$504.7 billion (US$16.09 billion) in investments as another four companies joined a government program aimed at boosting investment in the nation. As a trade dispute between the US and China continues, the ministry has approved 102 companies returning to invest in the nation, providing up to 43,900 job opportunities, while another 50 companies are waiting in line. -Taipei Times

U.S. softens stance on autos in trade negotiations with Japan, sources say -The Japan Times

How a shadow banking crisis sent India's autos sector into a tailspin -Reuters

Chinese smartphone brands do battle in India as more consumers upgrade to expensive models -SCMP

·         Indian consumers are upgrading to more expensive smartphones, opening up new opportunities for Chinese brands

·         OnePlus, a Shenzhen-based brand, is the top in sales for the premium market in India

Australians endorse Huawei ban as part of hard line on China Canberra risks standing alone after Trump flip-flopped and neighbors caved -Nikkei

Venture Capital in Southeast Asia In episode 310, Justin Hall, partner from Golden Gate Ventures joined us in a conversation to discuss the state of venture capital in Southeast Asia. Justin shared his career journey in how he progressed from an associate to a partner within one of the well-known venture capital firms in Southeast Asia and explained what he has learned over the years from working with startup founders and companies. -Analyse Asia

Companies are moving supply chains out of China and into Vietnam And then there’s the Trump factor. While imports to the U.S. from China are falling, imports from Vietnam are growing rapidly. “Vietnam, after China, has the biggest trade surplus to the U.S.,” says Bell. “You have to wonder how long Mr. Trump turns a blind eye.” -MarketWatch

Total 79,300 firms set up in seven months: GSO About 79,300 new businesses were established in Việt Nam with total registered capital of VNĐ999.4 trillion (nearly US$43 billion) in the first seven months of 2019, data from the General Statistics Office (GSO) has revealed. -VNNews

GLOBAL MACRO

Offshore yuan slides towards record low after Trump tariff threat -SCMP

·         The offshore yuan traded weaker on Friday, touching a low of 6.98 against the US dollar, close to its lowest level in two-and-a-half years

Japan, U.S. target broad bilateral trade deal by September Washington seeks early opening of Japan’s agriculture sector including reductions in 38.5% tariffs on U.S. beef imports, while Japan calls for abolition of U.S. tariffs on Japan’s industrial goods such as car parts. -Reuters

South Korea readies stimulus to soften impact of Japan trade rift Tokyo says removal of Seoul's special status adheres to WTO rules -Nikkei

Lighthizer Says Vietnam Must Cut Its Trade Surplus With U.S. -Bloomberg

Mongolia's agreement with US will not affect relations with Moscow, Beijing Mongolia and the United States signed an agreement on strategic partnership during Mongolian President Khaltmaagiin Battulga's visit to Washington -TASS

Vietnam Extends Oil Rig Operations Amid Vanguard Bank Standoff With China Refusing to back down, Hanoi authorizes the extension of exploratory work by the Hakuryu-5 oil rig. -The Diplomat