Pedestrians walk along a street near the New York Stock Exchange (NYSE) in New York, U.S. (Photographer: John Taggart/Bloomberg)

China's Big Test, 22% Wage Increase, Slow Brexit Boats: Eco Day

(Bloomberg) -- Welcome to Monday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • The bullish mood that was starting to build in China will be tested when markets reopen today as concern over the U.S. trade relationship resurfaces
  • Turkey has found that fighting words alone aren’t enough to deter the people it blames for runaway food inflation. President Recep Tayyip Erdogan’s AK Party is now backing up threats with deeds
  • The IMF stands ready to support Pakistan as it tries to tide over a balance-of-payments crisis, Managing Director Christine Lagarde said after meeting the South Asian nation’s prime minister in Dubai
  • Spain is embarking on a major economic experiment: A 22 percent jump in the minimum wage that’s ignited a high-stakes debate about how it will impact the economy
  • Slow boat to Brexit oblivion: With shipping times to Asia as long as six weeks, British companies are preparing to send goods without knowing exactly what will happen to them
  • There’s almost a one-in-three chance of a U.K. recession in the next 12 months, according to a Bloomberg survey of economists

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