(Bloomberg) -- Welcome to Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • President Donald Trump said he had no deadline for China to return to trade talks, other than the one in his head
  • The People’s Bank of China has offered up a peek behind the central bank’s curtain. Meantime, a surge in pork prices is having less of an effect on inflation than it once would have, helping the central bank keep policy supportive
  • Bernie Sanders gave his fullest definition to date of democratic socialism, embracing a label that Trump has used as a cudgel
  • U.S. Commerce Secretary Wilbur Ross said the Fed’s December rate hike was “at best premature” and urged it to reconsider whether that move was necessary. Meantime, a closely watched measure of U.S. inflation trailed forecasts in May
  • A new survey shows confidence among U.S. executives continues to erode because of the trade war. That’s as the budget deficit ballooned to $738.6 billion in the first eight months of the fiscal year despite a revenue boost from tariffs
  • European industry is in trouble and there’s a risk it will infect other parts of the economy, deepening the slowdown. Trump upped his criticism of Germany as he threatened sanctions over Angela Merkel’s continued support for a gas pipeline from Russia
  • Investment is languishing in Thailand as political uncertainty continues to grip the coup-prone Southeast Asian nation
  • Venezuela said it will introduce large-denomination bolivar notes as hyperinflation erases the currency’s value

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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