The Asia Eight

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

December 7, 2020

1 TOP STORY: JD.com to make history with digital yuan

2 ATF TV: China exports jump to 3-year high

3 NEWS: China NEV chip shortages fears

4 ASIA MARKETS: Nikkei, HSI, CSI300 decline

5 COMMENT: EU-UK trade talks come down to the wire

6 NEWS: Recovery in Sino-US ties lags economy

7 NEWS: China's ever-expanding 'New Silk Road'

8 ATF BIG PICTURE: Rare earths and NEV demands

01 Top Story JD.com to debut PBOC's digital yuan

Trade booms this year, partly due to strong Chinese shipments of medical equipment, as data signal a strong recovery from the global coronavirus pandemic.

02 ATF TV Exports leap

Trade booms this year, partly due to strong Chinese shipments of medical equipment, as data signal a strong recovery from the global coronavirus pandemic. 

03 NEV chip shortage

Auto suppliers say the situation is getting critical and could interrupt production by local and international companies, as chip suppliers also raise prices.

04 Asia Markets

Nikkei 225 falls 0.8% to 26,547.44; Hang Seng Index slides 01.2% to 26,506.85; CSI300 drops 0.8% to 3,416.6

05 Comment

"The pound is slipping lower as those betting on a Brexit trade deal being achieved this weekend were left disappointed. This is the week that we could find out whether Prime Minister Boris Johnson is prepared to press the no deal button."  

Fiona Cincotta, GAIN Capital Group

06 US ties slow to warm

Beijing's removal of guarantee to back SOE debt is fraught with risk; if instability spreads in debt market, it could lead to distress among mutual funds and banks that own the bonds; China’s markets could be more fragile than they appear.

07 The 'New Silk Road'

China's recent narrative draws on a rich history of mobility and associated references and is being presented in ways that portray the country's "coming into being" on the world stage.

08 ATF Big Picture