(Bloomberg) -- Welcome to Tuesday, Asia. Here's the latest news and analysis from Bloomberg Economics to help you start the day:
- Chinese government officials told major state-run agricultural companies to pause purchases of some American farm goods as Beijing evaluates the escalation of tensions with the U.S. over Hong Kong. Chang Shu looks at the potential implications
- India's credit rating was cut to the lowest investment grade by Moody's Investors Service, citing policy challenges in addressing a prolonged slowdown and the deteriorating fiscal position
- China's central bank said it will temporarily purchase loans made to small businesses from some local banks
- ‘New era' for Japan-China relations has turned sour, as the U.S. standoff with Beijing leaves Prime Minister Shinzo Abe stuck between his country's biggest trading partner and its sole military ally
- If the markets are any judge, President Donald Trump's vow of “meaningful” action to strip some of Hong Kong's trade privileges has so far proved underwhelming
- Indonesia is pushing ahead to reopen its economy amid a surge in coronavirus infections, with the government seeking to minimize job losses and the threat of social unrest
- New Zealand could remove most of its remaining restrictions as soon as next week after successfully wiping out the coronavirus
- More economists are catching up to traders in expecting the BOE to lower interest rates below zero. Boris Johnson plans to re-set his government's agenda with a major speech and a financial statement
- China's digital currency could challenge bitcoin and even the dollar
- Australia's water crisis is a warning to the rest of the world
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