Coming through that china is slowing down. The country announce that exports fell by 6. 1 compared to a year ago. Francine meanwhile, imports dropped 14 . Lets cross live to our beijing bureau chief for more. Nick, what is behind a week data and what is it mean for chinese growth . Nick well, the numbers are little bit misleading, especially the import number because Commodity Prices have fallen so much. So this does distort the numbers a little bit. But it is the latest in a long line of dad data for the chinese it of bad data for the chinese economy. Maybe easing in terms of Interest Rate. The big question is going to be what are they going to do about the yuan . Aey said they do not want competitive devaluation, but low export numbers will increase pressure on them to guide it downwards. That is what we will look out for in the days to come. Manus the ongoing debate is speculation that there is going to be more government intervention. Theyve bought more than 9 of the freefloating s
The UK trade secretary has signed a milestone first-of-its-kind deal with Italy with an aim to push UK exports to £1 trillion in goods and services sales by 2030.
The Italian Minister of Foreign Affairs, Antonio Tajani, met with his Turkish counterpart, Mevlut Cavusoglu, in Ankara to take stock of the migration issue, and stated that “contrasting illegal migration is a strategic priority” for both countries.
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