Next China Shockwaves, Iran Sanctions, Superstar Firms: Eco Day

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

• Chang Shu runs the numbers on two hypothetical China shock scenarios to estimate the impact across emerging markets and advanced economies -- here's part one of the report. Meantime, if President Xi Jinping is getting ready to make big concessions to the U.S., his Shanghai trade fair speech didn't show it
• As market share narrows to a handful of behemoths, economists warn of less competition, reduced incentive to innovate, depressed wage growth and higher profits going to fewer people, leaving many behind
• The U.S. gave a stark warning to companies found evading renewed Iran sanctions: you will feel pain
• About one in 10 of China's banks have been deemed extremely risky by the central bank
• Calm before the storm: key gauges of global trade remain near their long-run averages despite the deepening U.S.-China battle over trade
• Euro-zone companies are increasingly running into capacity constraints that will boost inflation, the ECB said. Meantime, Italy signaled it's not ready to budge on its budget
• The U.S.-China realignment that began with President Richard Nixon's 1972 visit to Beijing has been reversed as China and Russia are now as close as at any time in their 400 years of shared history

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Chris Bourke

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