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Your Week in Asia

Biden-Xi meet online, Malaysia's partial reopening and Macao gaming licenses

Your weekly lineup of Asia's biggest business and political events

U.S. President Joe Biden and Chinese President Xi Jinping are expected to meet for the first time online on Tuesday morning, Asia time. This signals a bid by both countries to ease tensions, which have increased recently.   © Reuters

Welcome to Your Week in Asia.

All eyes are on the first virtual summit between leaders of the world's two largest economies to be held on Tuesday morning Asia time. The meeting comes as tensions mount over Taiwan, while the two sides seek cooperation on topics such as climate change.

More Asian destinations are becoming available to vaccinated travelers. They can fly to Malaysia's Langkawi islands as well as between Singapore and South Korea, starting this week.

In China, a group of technology companies, including e-commerce giants Alibaba and JD.com, will report earnings. These could shed light on the impact of Beijing's tightening grip on the sector.

Get the best out of our coverage of these events and much more by following us on Twitter @NikkeiAsia.

MONDAY

China economic data

China will release data for October on property prices, industrial production and retail sales. This comes on the back of the financial fallout, after a growth slowdown and a string of debt defaults by Chinese developers.

South Korea-Singapore travel lane opens

Asia will have a major travel corridor from Monday, with South Korea and Singapore connected through a reciprocal "vaccinated travel lane." People fully jabbed against COVID-19 will be allowed to travel between the two countries without quarantine on arrival. This adds to a growing trend of border easing in Asia as inoculation rates increase, enabling more economic activity in the region.

Langkawi opens to foreign tourists

Malaysia starts to welcome international tourists to leisure haven Langkawi Island, the first influx since the March 2020 border closure. Fully-vaccinated tourists from all but 11 countries are allowed to enter the island by air. They will be subjected to frequent testing but no quarantine.

U.S. commerce secretary and trade representative in Asia

U.S. Secretary of Commerce Gina Raimondo and Trade Representative Katherine Tai will both arrive in Tokyo to start consultations with Japan on global steel and aluminum excess capacity.

Raimondo is also due to visit Singapore and Malaysia later this week during her first official visit to Asia. Tai will proceed to Seoul on Thursday, wrapping up her Asia trip at the U.S.-India Trade Policy Forum in New Delhi next week.

Beijing Stock Exchange opens

Eighty-one companies will debut on the Beijing Stock Exchange. China's third bourse was established to support small and midsize enterprises' fundraising activity without having to go abroad. The exchange, originally an over-the-counter market for SMEs, will adopt an easier listing process like the ChiNext Market in Shenzhen and STAR Market in Shanghai.

Thailand GDP and economic outlook

The Thai economy likely slowed significantly due to the COVID-19 delta-strain outbreaks and subsequent business lockdowns. The economy recorded a 7.5% growth in the second quarter year on year. By contrast, economists expect a contraction for the three months to September.

Thailand's economic planning agency will also release its outlook for 2022, with an improvement on this year expected. Bangkok hopes the recent tourism reopening for vaccinated travelers without any quarantine requirement will help drive an upturn.

Japan Q3 GDP

TUESDAY

Biden-Xi virtual summit

U.S. President Joe Biden and Chinese President Xi Jinping will meet for the first time online. This signals a bid by both countries to ease tensions, which have mounted since then U.S. President Donald Trump imposed tariffs on Chinese imports in 2018.

Will Macao leader show his hand on gaming licenses?

Macao Chief Executive Ho Iat-seng's annual policy address will be closely watched, with the operating concessions of the city's casinos set to expire next June. The city, the world's top gambling hub, wrapped up a public consultation last month on revising its gaming law.

Observers question whether enough time remains to formalize and pass amendments to the law and hold a tender for new concessions or whether Ho will have to extend the existing licenses for at least six months.

Company earnings: NetEase and Sea Limited

WEDNESDAY

Company earnings: iQiyi, Baidu, Bilibili, Joyy

THURSDAY

Paytm IPO

Shares in Indian digital payment provider Paytm are expected to be listed on the country's top stock exchanges BSE and NSE. The Ant Group-backed startup's $2.5 billion initial public offering, India's largest, was oversubscribed 1.89 times at the close of the three-day offer on Nov. 10.

Paytm, which claims 333 million users, offers services such as payments, online shopping and gaming, insurance, loans, wealth management, and deposit-taking.

Company earnings: Alibaba, JD.com, Vipshop, Full Truck Alliance

Central bank policy meetings: Indonesia, Philippines and Turkey

FRIDAY

Guangzhou auto show opens

The 19th Guangzhou International Automobile Exhibition will kick off in the southern Chinese city. It will last 10 days and comes as demand for electric vehicles rises.

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