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July 13th, 2023

U.S. tech’s China entanglement

Despite decoupling, American giants can’t shake their China addiction

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The Big Story

U.S. big tech won't shake its China addiction

For companies like Apple, Microsoft, Tesla and Qualcomm, decoupling has not dented Chinese market

Despite U.S. government efforts to decouple from China over the past five years, most American tech giants remain deeply reliant on the Chinese market. 
China has released a new set of export control rules aimed at limiting exports of gallium and germanium and several compound metals. (Source photos by Getty and AP)
Semiconductors

China's chip material export curbs: 4 things to know

Restrictions on gallium and germanium shipments pose risks for global supply chain

Chinese tourists take selfies outside of the New York Stock Exchange in 2015: Despite tensions, many Chinese are still interested in visiting the U.S.
Opinion

China's public can be a moderating influence on U.S. relations

Nationalistic voices have obscured support for engagement

Bangladeshi Prime Minister Sheikh Hasina meets Japanese counterpart Fumio Kishida in Tokyo in April. Tokyo has been Dhaka's largest single bilateral aid provider since 2012. (Pool via Reuters)
Opinion

The India-Japan-Bangladesh triangle is worth watching

New Delhi and Tokyo are jointly supporting new infrastructure to counter China

U.S. Treasury Secretary Janet Yellen shakes hands with Chinese Vice Premier He Lifeng during a meeting at the Diaoyutai State Guesthouse in Beijing on July 8. (Pool via Reuters)
The Nikkei View

US, China should continue talks to avoid tit-for-tat measures

Global economy will suffer if two largest economies escalate restrictions

The history of horse racing in Singapore, which has endured for over a century, will come to an end with the Turf Club's last race in October next year.
Business Spotlight

Land development spells the end of horse racing in Singapore

Property squeeze in city-state shutters Turf Club after a century of operations

U.S. policy to promote energy-saving heat pump systems is providing tail winds to Daikin and other Asian players. 
Companies

Daikin, other Asian players lead U.S. race for heat pumps

Wider adoption in Asia gives companies a head start over American rivals

Contemporary Amperex Technology intends to begin mass production of lithium-ion batteries at the Arnstadt facility in eastern Germany in the coming weeks. (Photo by Jens Kastner)
Electronics

China's CATL finds battery research help in small east German town

Chinese company joins local technology center to study power-cell life spans

Viva, the Philippine company that owns the VivaMax streaming app, is considering listing its holding company as early as 2024. 
Media & Entertainment

Philippine entertainment group Viva considers $250m IPO in 2024

Proprietor of popular VivaMax app aims to become a Southeast Asia player

Seree Yootanawaraporn, chief operating officer of Phelps Dodge International, said the company could not fill backorders after authorities seized assets of parent company Stark, a Thai wiremaker. (Photo by Francesca Regalado) 
Markets

Stark damage claims could reach $1bn, says Thai SEC

Regulators say they will expand their fraud investigation to 'everyone involved'

China's Xi Jinping government has been sharply critical of Japan's plan to release treated water from the Fukushima Daiichi nuclear power plant. Hong Kong, a key market for Japanese food, has adopted a similar line. (Source photos by Hirofumi Yamamoto, Getty Images and Reuters) 
Asia Insight

Hong Kong becomes China's 'wolf warrior' in Fukushima water fight

City's vocal opposition to Japan's plan contrasts with past pragmatism

Myanmar security forces guard the construction of a fence near the China-backed Letpadaung copper mine in 2014. Reports and activists now say the mine is ringed with land mines. (File photo by AP) 
Myanmar Crisis

Myanmar land mine danger grows as military rings Chinese assets

Experts say regime desperate to offer Beijing 'stability' for projects

Container terminals in Singapore. The city-state's economy is highly sensitive to external economic conditions. 
Economy

Singapore, Indonesia outlook downgraded on weak China: JCER

Political instability emerges as top concern in Thailand post-election

"The potential growth of SOEs is massive," Indonesian Minister of State-Owned Enterprises Erick Thohir said in an interview. (Photo by Dimas Ardian) 
Interview

Three Indonesia state company IPOs could raise $3bn total: minister

But Pertamina's upstream unit and Pupuk Kaltim still assessing market conditions

Shigenao Tamura walks along a path that crisscrosses the 17,000-hectare farm he manages in Uruguay. "There are no farms of this size in Japan," he says. (Photo by Sengo Perez)
Life

Japanese founder's legacy lives on at Uruguay farm

New generation opens up markets with japonica rice and wine

A scene from "A Tourist's Guide to Love": Vietnamese media and tour operators are already offering guided tours to the film's main shooting locations. (Courtesy of Netflix) 
Tea Leaves

Dark side of 'A Tourist's Guide to Love'

Hit movie gives Vietnam fresh image, but risks unsustainable visitor boom