(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 (HK:0763). 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