China's 2025 Goal, Cohn's Trump Save, Argentina Worsens: Eco Day

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

  • Conflict over China’s industrial policies is at the center of a trade war that’s set to escalate should President Trump go ahead with tariffs on another $200 billion of goods
  • How do you stop Trump pulling out of Nafta and a trade deal with South Korea? Remove the papers for doing so off his desk, apparently
  • Argentina’s economic outlook deteriorated significantly in August amid a renewed currency crisis, say economists surveyed by the central bank
  • Australia’s millennials have found another reason to resent cashed-up baby boomers: they’re subsidizing their health care
  • Here’s a look at how raging heatwaves affect the global economy
  • Traders have increased bets on a New Zealand interest-rate cut amid a prolonged slump in business confidence
  • Malaysia’s central bank is set to keep interest rates unchanged today, providing policy stability amid worries about government finances
  • Check out this chart on Asia’s growing club of negative real interest rates
  • India’s rupee owes its tag of Asia’s worst-performing currency this year to the selloff sweeping emerging markets -- there’s more pain in store
  • After hiking rates in July, Canada will likely pause in September to assess the impact of trade tensions with Trump, says Tim Mahedy

©2018 Bloomberg L.P.