China Currency Challenge, Trump Goes Dutch, Modi Gambit: Eco Day

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

• China is again pushing to increase the yuan’s status in global finance, while at home Aberdeen reckons companies’ surging borrowing costs are hurting the Chinese economy and policy makers will have to ease later this year
• President Trump’s China win may evoke mild Dutch Disease, while Adam Posen reckons the president’s trade policies could bring recession. Trump is also headed for a showdown with G-7 allies this week
• Big ideas. Narendra Modi will struggle with limited funds and time to extend a welfare program to India’s workers before elections. The nation’s central bank also faces a policy catch-22 as it confronts emerging-market selloff pressure
• In the Philippines, firms are feeling the pressure of rising prices
• Argentina-IMF negotiations for support for the country’s economic plan are "well advanced," according to the fund’s regional director
• In Europe, David Powell looks at where Italy’s upheaval could spread to next and unearths some unexpected candidates
• BOE policy maker Silvana Tenreyro reckons the bank can still return inflation to target even if it holds off a bit longer on raising rates
• Mark Brodsky is a “self-absorbed jerk” to some, master of his trade to others

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Chris Bourke

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