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Transcripts For BBCNEWS World 20240705

crash hitting demand for goods and pushing down prices. joining me now is mark williams chief asia economist at capital economics. these figures will not make for welcome reading once again. just looking at the stats there, the biggest contraction since 2009. why? critics succes what is going on here is yellow let s start with. the weeks ahead is yellow let s start with. the weeks ahead of is yellow let s start with. tue: weeks ahead of chinese is yellow let s start with. tte: weeks ahead of chinese new is yellow let s start with. he weeks ahead of chinese new year, is yellow let s start with. me: weeks ahead of chinese new year, we often see quite big changes in prices in china. that s probably tucked down the date forjanuary a little bit but the big picture is that china has been in deflation for a while. that is pointing to widespread weakness in the economy. there is a lack of confidence there and it is notjust consumer prices that have been falling, we have also b

Transcripts For BBCNEWS BBC 20240705

less than 2a hours before the polls opened, 28 people were killed in balochistan, with the islamic state group saying it carried out two bombings. on election day, five security personnel were killed in an attack while patrolling in the north west of the country. security was therefore tight and while some polling stations were largely empty, because of security threats and cold weather, in other areas of the country people turned out in large numbers, leading to queues at polling stations as people headed in to vote. polls opened at eight in the morning local time, and closed about two hours ago. the vote took place without the former prime minister imran khan. he has been imprisoned on charges including corruption and was prevented from contesting. and in a widely criticised move, the authorities unexpectedly cut mobile phone and mobile internet services because of what they call deterioriating security . more now from south asian correspondent samira hussain. this is a re

FXI: China 2024 - The Year Of The Paper Dragon (NYSEARCA:FXI)

China's Deflationary Spiral Intensifies

China's Worst Deflation Streak in 14 Years Puts Pressure on PBOC

(Bloomberg) China’s consumer prices marked their longest streak of declines since 2009, threatening a deflationary spiral that may require more government support to reverse. Its export growth engine is also faltering.Most Read from BloombergGoogle Lays Off Hundreds in Hardware, Assistant, EngineeringUK’s Sunak Authorizes Joint Military Strikes With US Against HouthisHertz to Sell 20,000 EVs in Shift Back to Gas-Powered CarsUS, UK Launch Airstrikes on Houthi Rebels After Red Sea AttacksSEC Au