BBCNEWS World Business Report June 4, 2024 04:43:00
Let's turn our attentions to china now, and a situation that is beginning to worry the financial world. a post—covid recovery in the world's number two economy is fizzling out, and rather than the soaring cost of living that's affecting much of the world, it's deflation that is now the big concern for china. people are seeing their wages cut. the cost of goods as they leave the factory — that's something called the producer price index — has been dropping for months because of lack of demand, and that slide is accelerating. may saw the steepest fall in producer prices in seven years — ...