(Bloomberg) -- Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day.

• China’s policy makers moved to expand support for the economy as a property-market downturn threatens to hamper growth into 2022
• The IMF said Australia’s ultra-easy policy has been instrumental in supporting the economy, which is why future decisions -- including a potential early rate liftoff -- should be data-dependent
• India will likely keep its key lending rate at a record low for a ninth straight meeting, with a new virus variant seen as the latest threat
• New Zealand’s central bank is wary that the labor market could get even tighter in the near term
  • New Zealand’s yield curve has flattened markedly, signaling that the central bank’s tightening cycle is expected to significantly slow economic growth
• Buying and selling large quantities of U.S. government debt without moving the market is about the hardest it’s been since the pandemic
• The U.K. is moving forward on trade engagement with individual American states, and stands ready to resume talks with Washington
• The Bank of England is preparing to halt its almost 900 billion-pound ($1.2 trillion) quantitative easing program
• The Riksbank’s plan to keep its asset portfolio intact next year is being chipped away at by more hawkish board members
• There’s a lesson emerging for governments from the Covid pandemic: big spenders make big savings

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