China’s U.S. Challenge, Expectations Reset, Rates, GDP: Eco Day

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Welcome to Monday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help take you start the week.

  • Communist Party officials gather in Beijing this week to map out thenext phase of economic development, just days before one of the most contentious U.S. elections in history will produce a president resistant to China’s ascent no matter who wins
  • Investors banking on a coronavirus vaccine to save the world economy in 2021need to temper their ambitions as scientists increasingly warn of a long and difficult road ahead
  • Three Group of Seven interest-rate decisions along with data accounting for 40% of global gross domestic product will providea temperature check for the crisis-disfigured world economy this week
  • Malaysia’s king rejected Prime Minister Muhyiddin Yassin’srequest to declare a state of emergency to tackle the coronavirus crisis
  • House Speaker Nancy Pelosi said the chamber could pass a pandemic relief plan this week, though a deal with the White Houseremains elusive and the Republican-led Senate might not act before elections
  • Reserve Bank of India Governor Shaktikanta Das said he hastested positive for Covid-19 but is asymptomatic and will continue to work
  • Flying Cars or 140 Characters? Bloomberg Economics takes a look at some of theforecasts for technology ahead
  • Whether it’s chartering a private jet for a flight to nowhere or hiring a luxury yacht, some in Singapore aregoing to extraordinary lengths to cure the cabin fever that’s set in as a result of the pandemic

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