China's Debt Splurge, Xi Vows Support, Most Toxic Air: Eco Day

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

  • China’s burst of local bond issuance to pay for infrastructure and support the flagging economy is being hampered by a lack of available projects and the negative effect it’s having on private sector funding
  • President Xi Jinping, meanwhile, vowed “unwavering” support for the private sector, the latest response from Beijing to concern over the outlook for the economy
  • Back to the future: As China braces for the full impact of the trade war, it’s seeking to learn from Japan’s economic battles with the U.S. during the Reagan years
  • China has long had a reputation for smoggy skies. But these days, neighboring India is fighting the far bigger battle with pollution: it’s home to the world’s 10 most polluted cities
  • The U.K. blurred another red line in Brexit negotiations, raising the chances of clinching a deal but also heightening the danger that Theresa May will be toppled before she can deliver it
  • Sweden’s central bank could next week give a clearer signal that it’s ready to tighten in December as policy makers seek to end almost four years of negative interest rates
  • Treasury Secretary Steven Mnuchin is open to changing how the U.S. determines which nations are gaming their currencies, a move that could give Trump the chance to officially brand China an FX manipulator

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