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
jockeys whipping horses. live from our studio in singapore, this is bbc news it s newsday. welcome to our viewers in the uk, on pbs in america and around the globe. we begin in washington where the us has summoned the russian ambassador to express concern about a collision between a russian fighterjet and an american drone over the black sea. washington has accused moscow of irresponsible behaviour and said the drone was involved in a routine operation in international airspace. russia denied the us claims, instead saying the drone crashed after it lost altitude while manoeuvring sharply. let s speak to our north america correspondent peter bowes. talk us through what we know at this stage? this stage? officials at the pentagon this stage? officials at the pentagon says this stage? officials at the pentagon says this - this stage? officials at the i pentagon says this encounter lasted for seemingly quite a long time, 30 a0 minutes went to russian fighterjets were withi
What began in the year 2019 in China's Wuhan city, is still haunting people across the globe! Yes, we are talking about COVID-19 pandemic. Four years into the COVID marathon, the arrival of JN.1 shows the pandemic isn't over yet. TheHealthSite.com
will continue to fall, but it will probably not go back to 2% for some time, so i agree with the report in that respect, and it means we probably end up with the interest rates, people are paying mortgages being a bit higherfor the are paying mortgages being a bit higher for the foreseeable future. ~ , ., bit higher for the foreseeable future. ~ ,., ., , bit higher for the foreseeable future. ~ ., , ., future. unlike so many of the factors, covid future. unlike so many of the factors, covid and future. unlike so many of the factors, covid and ukraine . future. unlike so many of the j factors, covid and ukraine for example, which are affecting the entire world s economies, brexit was a choice for the uk, i wonder what do you think could be achieved as some of the final details of those brexit choices were revisited on things like immigration, for example? on things like immigration, for examle? ., ., , example? immigration is probably example? immigration is probably the example
ritht. in the last week? you are right. economics - in the last week? you are right. economics for i in the last week? you are| right. economics for sure, china right. economics forsure, china does know that consumption is going to drive its economic recovery and consumption whether it is domestic tourism or inbound tourism. it also wants to reintegrate for the outbound tourism market which it knows and has been fair about in the past, it uses is a soft power tool to leveraged trade and diplomatic negotiations around the world. so this is stepping back from the fold of go global politics, economics and tourism. during the pandemic we saw that travel and tourism became a political issue and that will continue into the future. i5 that will continue into the future. , ., that will continue into the future. , , future. is there a sense, then, in china that future. is there a sense, then, in china that covid future. is there a sense, then, in china that covid is future. is there a sen