BBCNEWS World Business Report June 4, 2024 04:47:00
Dependent on manufacturing. and from that point of view, what is much more wiring is china is now one of the most indebted in world. when you have inflation at very, very low levels, that makes it more difficult to service debt. especially since interest rates are quite high relative to inflation. there inflation and interest rates 5%, in the uk right now interest rates are actually negative, so it is a fairly dangerous situation. we have seen this injapan, even at very low inflation not even deflation, it is a problem when you have a highly indebted economy and they need to cut interest rates...