(Bloomberg) -- Welcome to Monday, Asia. Here’s the latest news from Bloomberg Economics:
- President Trump says the U.S. will make a trade deal with China and the two sides are “getting much closer to doing something.” That “something” is going to have to hang on substance -- and that’s where things are likely to get complicated
- The China International Import Expo in Shanghai, a brainchild of Xi Jinping set to open today with some 3,000 companies from more than 100 countries, gives the president another chance to win over his skeptics
- The world’s major economies that entered 2018 accelerating in sync risk entering 2019 decelerating in sync
- Singapore may need to review its economic growth projections for next year as a trade war increases uncertainty and crimps business investment, the city state’s finance minister said
- Australia’s falling house prices are raising doubts about the resilience of household spending
- Signs of a housing market downturn in Hong Kong are spreading after the city’s first interest-rate increases in 12 years and an escalation in trade tensions between China and the U.S.
- The share of the U.S. economy from private goods-producing industries increased to the highest level in 11 quarters