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BBCNEWS World July 4, 2024

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
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BBCNEWS World Business Report June 4, 2024 10:33:00

This is actually better than people anticipated. the weakness is actually in food prices and also goods prices will stop people spending less on consumer goods and clothes, electronics for instance. authorities have pledged vows of support and stimulus for the economy but so far not a huge amount of action on that front. in the light of the latest data that we had today on inflation and the other day on trade as well, how likely do think it is that that position is to change? i it is that that position is to chan . e? ~ it is that that position is to change? it is that that position is to chance? ~ , ., . ., change? i think the stance from the chinese government change? i think the stance from the chinese government is change? i think the stance from the chinese government is that - change? i think the stance from the chinese government is that there i chinese government is that there will be some stimulus coming through but so far there is no grand announcement yet. i think this ....

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