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
i m bianca nobilo. max foster is on assignment today. just ahead we pay our bills. the nation has never defaulted on its debt and it never will. greatest threat is american default. and i took what i took and it gets declassified. g the president is being investigated not only willful retext of classified documents but also obstructing an investigation. and jack teixeria was taking notes on classified intelligence information and seen putting the notes in his pocket. live from london, this is cnn newsroom with max foster and bianca nobilo. it is thursday, may 18, 9:00 a.m. in london, 5:00 p.m. in japan where u.s. president biden is set to meet with the prime minister ahead of the g7 summit. but back home in washington, the u.s. is inching closer to defaulting on its debt which could plunge the global economy into chaos. mr. biden arrived a short time ago where he was greeted by u.s. service members. g7 leaders have a packed agenda for the summit including th
rescuing again. i ll ask one of the people who was at the center of the storm the last time around, the former ceo of goldman sachs lloyd blankfein about whether the system is stable, and is your bank account safe? also, how did it come to this? did we learn the wrong lessons the last time? i ll talk to julian tet of the financial times. then don t mess with the french people s retirement plans. that s the lesson from weeks of strikes and protests and then chaos in parliament as the government pushed through their policy anyway. [ speaking non-english ] which brought the outrage right back to the streets. we ll tell you what you need to know. but first, here s my take. on his trip to saudi arabia last year president biden made an emphatic declaration about u.s. policy in the middle east. he said we will not walk away and leave a vacuum to be filled by china, russia or iran. last week s reproachment between saudi arabia and iran brokered by china suggests that th
united states and around the world. i m fareed zakaria coming to you from new york. today on the program, panic in the markets as the banks need rescuing again. i ll ask one of the people who was at the center of the storm the last time around, the former ceo of goldman sachs lloyd blankfein about whether the system is stable. and is your bank account safe? also, how did it come to this? did we learn the wrong lessons the last time? i ll talk to gillian tett of the financial times. then, don t mess with the french people s retirement plans. that is the lesson from weeks of strikes and protests that sent chaos in parliament as government pushed through their policy anyway. which brought the outrage right back to the streets. we ll tell you what you need to know. but first, here is my take. on his trip to saudi arabia last year, president biden made an emphatic declaration about u.s. policy in the middle east. he said, we will not walk away and leave a vacuum to be filled