China's $25 Billion Offer, Borneo Boom, Global Slowdown: Eco Day

(Bloomberg) -- Welcome to Wednesday, Asia. Here’s news from Bloomberg Economics to help get your day started:

• Quid pro quo. China offered to boost purchases of U.S. goods by about $25 billion this year, while the Trump administration is finalizing a deal with ZTE Corp. to resume purchases from its U.S. suppliers
• Synchronized downturn? Global growth is set to slow over the next two years as central banks tighten and U.S. stimulus fades. In the G-20, mainstream democratic parties’ control of GDP is waning, says Tom Orlik
• Borneo jungle boom. A hunger for alternatives to opioids ravaging the U.S. with addiction is sparking an economic bonanza in remote Indonesia
• Japan’s next policy move may end up being raising its bond-yield target to keep the yen from weakening too much, a central bank adviser says
• India is expected to keep rates on hold Wednesday, but the signal in the statement is likely to be key
• In Malaysia, Governor Muhammad Ibrahim offered to resign after Prime Minister Mahathir Mohamad’s surprise victory and subsequent questions about central bank land purchases
• Bogeyman’s back. Oil-fired inflation that threatens to shoot ever higher is prompting Southeast Asian governments to offer relief to consumers
• The ECB is said to see June 14 as a live meeting to debate QE exit
• While LeBron James and Stephen Curry are battling on the basketball court, they’re also on the front court of the U.S.-China trade tussle

©2018 Bloomberg L.P.