The Asia Eight

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

March 08, 2021

1 TOP STORY: Dismay as China signals coal is still king

2 ATF TV: Why all the fuss about cryptocurrencies?

3 ASIA MARKETS: HSI, CSI300 and Nikkei 225 decline

4 NEWS: Singapore now putting its faith in blockchain

5 NEWS: US policies put China drone makers in a spin

6 NEWS: VW sees China EV sales parity by 2030

7 COMMENT: Relief package and US economic rebound

8 ATF BIG PICTURE: 4-wheels good, 2-wheelers better

01 Top Story More China coal dispels carbon-cut hopes

Five-year plan has few details and signalled little urgency that the world's biggest polluter will move seriously to cut its greenhouse gas emissions, despite the UN Secretary General's appeal last week for all planned coal projects to be cancelled

02 ATF TV Crypto allure

Fawad Razaqzada, Financial Markets Analyst at ThinkMarkets, explains why cryptocurrencies have become so popular in mainstream finance

03 Asia Markets

Tokyo's Nikkei 225 drops 0.4% to 28,743.25, Hong Kong’s Hang Seng slides 1.9% to 28,504.83 and China’s CSI300 plunges 2.3% to 3,421.41

04 Singapore blockchain

The Government Technology Agency and Ministry of Health say they've developed a 'globally interoperable' standard to verify Covid-19 test results – and speed up clearance through immigration checkpoints when travelling

05 Drone makers in a spin

About a third of DJI's 200 employees in its three North American offices have been let go as US policies undermine Chinese drone makers. Other workers have moved to rivals, a report quoted former and current employees as saying

06 VW banks on China EVs

German manufacturer, whose all-electric ID.3 became the second best-selling car in Europe late last year, is ready to take on Tesla as it boosts investment and reduces costs

07 Comment

“The fact that the [US] Senate has approved the relief package, and now the bill is going back to the house for final approval before it appears on the president's desk for a signature, means that the US economic recovery is about to shift into another higher gear"

Naeem Aslam, Chief Market Analyst at AvaTrade

08 ATF Big Picture