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

06 Jun 2018, 03:00 PM IST

(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

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