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And the increasing use of ai is going to create a lot of demand for high—end chips and a lot of them will come from taiwan so there is a cycle going on right now, of a period of weakness at the moment. it should be better by the end of the year into next year. how concerned should these asian economies be about china's economic growth because 5% growth target is not bad at all but at the same time we have been getting quite a lot of week data and some expressing concerns that china could actually be in a deflationary falling prices stage. there is no consumer price inflation in china at the ...

The numbers are down. business equipment is falling. when you see the business side weaken, fall, and so forth. that's a leading indicator of recession. it is not the consumer side that leads when you have down turns, it's the business side. my point is these were very soft numbers and on the wage side if i can add to that, wages -- average weekly earnings up 3.7%, up 3.7% for the month of june, average weekly earnings. that is again below the inflation rate. the average hourly earnings 4.4% is even with the inflation rate. so real wages are still sloping down on a trend line. this is a very s...

Year and in february he was thusly —— the slow reopening so we are still very early into the recovery in china. we have only had march and april official data being released so thatis official data being released so that is two months of data. i think one of the things that our contacts tell us there is at the recovery has actually been pretty rose —— pretty robust on the consumer side. what you are seeing is a two speed economy and the sectors most directly impacted by covid are recovering quite strongly. we just got auto data for the month of may and it hit a new record after being d...

Expectations. _ panic. i think has to do a with expectations. as _ panic. i think has to do a with expectations. as your - panic. i think has to do a with. expectations. as your previous guest had reviewed that china did their departure from zero covid in december so you had that first reopened wave in december and january leading to chinese new year and in february slow reopening of chinese new year's we are still very early to the recovery in china. we have only had march and april official date of released studs two months of data. i think one of the things that are context tell us there is...

So things such mineral oils, crude petroleum and natural gas as well as food, they've all gotten cheaper. the quantum of the easing bill, a —3.5%, was more than what both analysts were expecting, but wholesale inflation will continue to fall further and remain in the negative territory for at least a few more months, but they will be watching out for is any upward movement in crude oil prices or severe el nino—like conditions that could impact agriculture because that poses an outside risk to inflation. these numbers will get some relief to the indian central bank which kept its key lendin...