The Asia Eight

Daily must-reads from the world’s most dynamic region

December 1, 2020

1 TOP STORY: China leads Asia out of pandemic doldrums

2 ATF BIG PICTURE: Chinese challenge to Musk

3 ASIA MARKETS: Nikkei 225, HSI and CSI300 climb

4 NEWS: Wanda Group pulls out of hotels plan

5 COMMENT: Biden's choice as head of budget prudence

6 NEWS: AstraZeneca embroiled in Indian legal drama

7 NEWS: Post-recovery HK will still face problems

8 ATF TV: RCEP free-trade pact binds Asia, excludes US

01 Top Story Powering out of pandemic downturn

Factory output data from China and much of Asia show rebound from coronavirus economic slump, the likes of which Western economies can only dream.

02 ATF Big Picture China joint-venture taking on Tesla

Carmaker SAIC to hold majority stake in $1.5 billion venture with Shanghai's Pudong New Area that will bring AI and 5G capabilities to a range of premium electric vehicles.

03 Asia Markets

Nikkei 225 climbs 1.3% to 26,787.54; Hang Seng Index adds 0.9% to 26,567.68; CSI300 advances 1.8% to 3,451.94

04 Wanda checks out

Indebted Chinese developer ends its hospitality ambitions with gains of $12 million from sale of stake in Chicago's 101-storey Vista Tower, which is to become a St Regis.

05 Comment

"It's fantastic. The vaccine will begin to be made available across the UK from next week. It's the protection of vaccines that will ultimately allow us to reclaim our lives and get the economy moving again." 

UK Prime Minister Boris Johnson hails the UKs decision to approve use of Pfizers Covid vaccine

06 AstraZeneca claims

Indian partner launches countersuit, but side-effect allegations cloud rollout of leading contender developed in collaboration with UK's prestigious University of Oxford.

07 HK's new 'normal'

The post-pandemic economic horizon is digitally orientated, but some segments of households and small and medium-sized enterprises are likely to benefit little from such a revolutionary change, which could lead to a widening skills gap and greater inequalities.

08 ATF TV Asian alliance

Much of Asia has formed a new free-trade pact that is led by China and excludes the US. ATF contributor Isaac Poole details the implication on ATF TV