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the slowdown in the factory of the world is deepening. and boeing awaits an inquest into the deaths of three british passengers who died in a 737 max crash. we start in china where the latest inflation figures have shown an alarming drop in factory gate prices that s the price of goods as they leave chinese factories. they ve fallen at the fastest pace in more than seven and a half years. it s the ninth month in a row that the producer price index has fallen, down 5.4% from a year earlier, marking the steepest decline since december 2015, as the difficult post covid recovery continues to weigh on demand. so that s changed the picture on the factory floor when it comes to what consumers are facing when buying goods and services, the consumer price index was unchanged year on year, compared with a slight gain in may, the slowest pace since february 2021. the us treasury secretary janet yellen has just left beijing following a four day visit in an attempt to bridge us ch ....
Yellen keeps reiterating that the us doesn t want to repress china s economic ambition, they want to safeguard national security, so it s mostly for the premium technology and the artificial intelligence sector, so it s a conciliatory tone that both countries need to work together and make sure they cooperate and coexist instead of decoupling from each other. zoning in on factory gate data, what does this data tell us about what s happening in chinese factories and more broadly the global economy? i think this is disappointing from an economic perspective because there was already worries about the state of the chinese economy and the data shows that the recovery is very slow, nowhere near as strong as ....