in the 90s and early 00s. now this comes hot on the heels of disappointing 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 14% in the year tojuly. but domestic demand is down too with imports also falling by more than 12% in the same period. earlier, i spoke to janet mui, who s the head of market analysis at rbc brewin dolphin, and she explained where the deflation was coming from. deflation data, basically mostly coming from food prices and also commodities prices like raw materials, energy, etc. actually, if you look at the underlying inflation, things like services, things like tourism, leisure, hotels, actually they are up. the core inflation is up from 0.4% to 0.8%, but obviously it s still pretty muted. so overall, i think it is a concern that china prices are contracting and it could be lasting for a while as well. how likely do you think it is, though, that china is
let s start with this video which shows the incident. you can see the plane here circled. it disappears out of view for a few seconds and then you can see the impact. now, we have verified this. everything in the video is consistent with what we know about the area and the weather this morning in the belgorod region. that was the moment the plane going down about 20 seconds into the video. we see this this smoke plume. could this be a sign that the plane was hit by a missile? well, experts we ve spoken to think, yes, it could be. the open source defence intelligence company believes that this smoke cloud may hint at the use of surface to air missiles. they also told us it could be a warhead detonating near the plane. another expert, mark hansen from the centre for strategic and international studies, has said that this is consistent with an aircraft being shot down. this smoke plume, he says, is consistent with an explosion. so there s that. the governor of belgorod said that
welcome to the programme welcome we begin in ukraine where at least three civilians have been killed and more than 1a wounded in the last 2a hours in the latest wave of russian missile and drone attacks. the overnight attacks across ten regions of ukraine were the fourth such wave in just over a week. the southern city of odesa has also been targeted. russia has stepped up its aerial attacks ahead of an expected offensive by ukraine. a ukrainian general in bakhmut said russia had intensified its shelling of the devastated city too. russia s wagner group boss says moscow has agreed to his demands for more ammunition days after he threatened to withdraw his men from bakhmut. russian troops and fighters from wagner, a private military company, have been trying to capture bakhmut for months despite the city s questionable strategic value. earlier, zhanna bezpiatchuk from the bbc ukraine service, told us more about the drone attacks to kyiv. we have seen already a ra
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