China Slows Again, Nafta 2.0, Australia's New Money Man: Eco Day

(Bloomberg) -- Welcome to Tuesday, Asia. Here’s the latest news from Bloomberg Economics:

  • The earliest indicators for China’s economy show that the pace of expansion slowed for a fourth month in August
  • For Australia’s new Treasurer, managing the economy is likely a welcome relief from the poisonous infighting that lead to his unexpected promotion
  • President Trump said the U.S. is pursuing a new trade accord with Mexico to replace Nafta and called on Canada to join the deal soon or risk being left out; here’s how the new deal would be different
  • Consumer confidence in South Korea fell to the lowest in 17 months, amid a faltering job market and escalating global trade battles
  • Japan’s finance minister will travel to Beijing later this week for a meeting with his Chinese counterpart in a sign of warming relations between the second- and third-largest economies
  • India’s economy is shrugging off global trade wars and is on course to becoming the fastest-growing major economy this year
  • Is this time really different? San Francisco’s Fed has bad news for those declaring an inverted yield curve is no longer a recession predictor

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