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
And early noughties. Now this comes hot the heels of Dissapointing China Trade data on tuesday showing exports sank at their fastest rate since the pandemic. Global demand for chinese made goods is falling, down more than 14 in the year tojuly. But domestic demand is down too with imports also falling by more than 12 in the same period. Joining me now is janet mui, head of market analysis, Rbc Brewin Dolphin where is this deflation coming from . Good morning, thanks for having me. So, this Deflation Data is mostly coming from food. And also commodities prices like raw materials, energy etc. Actually, if you look at the underlying deflation, things Like Services and tourism and leisure, hotels. Actually, they are up, the Core Inflation is up from 0. 4 to 0. 8 . But obviously, its still pretty muted. Overall, it is a concern that china prices are contracting and it could be lasting for a while as well. , ~ , could be lasting for a while as well. , ~ ,. ,. , well. How likely is it that ch
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will respond after iran-backed militants killed three service members and injured others in a drone attack in jordan. you are watching fox and friends first, i m carley shimkus. todd: i m todd piro. today defense secretary lloyd austin returning to the pentagon for the first time in a month. planning to hold our allies accountable. this marks major escalation in midweek pick-me-up. number of service members hurt could change as more seek care. they had to be medically evacuated from jordan and in stable condition. president biden saying the u.s. will take action. president biden: (indiscernible) it happened in northeast jordan near the syrian border. 350 army and air force are deployed there. they are helping defeat isis iran proxy forces have targeted troops 150 times. houthi troops are attacking ships in red sea and gulf of aden. the u.s. have struck back in self-defense. several republicans argue biden administration s actions have failed to deter u.s. adversar
with judge jeanine pirro, jesse watters, and greg gutfeld. it s 5:00 in new york city and this is the five. president biden in his administration promising a response to the deadliest attack on u.s. troops in years. speak of the president and i will not tolerate an attack on u.s. forces and we will take all necessary actions to defend the u.s. and our troops. respond decisively to any aggression and we will hold responsible the people who attacked our troops and we will do so at a time in the place of our choosing. dana: so far it s all talk and no action. the administration is grappling with its failure to deter iran backed terrorists in a deadly strike that killed three and injured 40 others. they were stationed at a base known as tower 22 on the border between jordan and syria. fox sources confirming the lethal drone had gotten past air defenses at the base because it was mistaken for a u.s. drone expected to return at the same time. what did iran know? the pentagon