China is experiencing a rare episode of sliding prices. Japans economy experienced this back in the 1990s and early 2000s. Now, this comes hot the heels of disappointing china trade data on tuesday, which showed that exports sank at their fastest rate since the pandemic, dropping by more 14 in the year tojuly, with imports also falling by more than 12 in the same period. Joining me now is duncan wrigley, Chief China Economist at pantheon macroeconomics. Thank you very much for being with us today. The Rest Of The World looking on in amazement. Considering the inflationary pressures the rest of us are dealing with. What do you read Between The Lines in this latest data . Between the lines in this latest data . Latest data . Ok, i mean, there are some latest data . Ok, i mean, there are some shortterm latest data . Ok, i mean, there are some shortterm factors i are some short term factors that push down the data for this month, there has been a surge of seasonal vegetables, the big pictu
because i cannot make any profit from that. along with tomatoes. profit from that. along with tomatoes, prices profit from that. along with tomatoes, prices of - profit from that. along with tomatoes, prices of onions | profit from that. along with i tomatoes, prices of onions and other stable for indian cooking have been going up as well and this is a worry notjust for politicians but also for india s central bank. 0nions india s central bank. onions and high prices have led to electoral defeat in this country and they could also feed into higher consumer inflation at a time when the reserve bank of india is meeting later this week to decide on interest rates. to japan now where visitors are being offered the chance to travel light to help the environment. a new pilot scheme by japanese airlines tells travellers that they can just pack their underwear and a toothbrush and rent all their other clothes on arrival. it means they don t have to carry a heavy suitcase, which itself is t