Summary: Chinese Yuan falls as economic indicators reveal further slowdown. Industrial output growth slower than June and below expectations. Mobile sales also underperform expectations. Unemployment rate rises to 5.3%, posing challenges for Chinese economy. People's Bank of China cuts one year loan rate and considers stamp duty reduction. US dollar strengthens against offshore Chinese yuan. Technical analysis suggests potential trends in the foreign exchange market . ...

Summary: China's economy experiences deflation as consumer prices decline in July, a rare occurrence in over two years. Deflation refers to a sustained drop in prices, indicating weak demand and economic challenges. China's consumer price index showed an annual decrease of minus 0.3%, partially attributed to stabilized pork prices. China's economic authorities are under pressure to take active measures to stimulate the economy and boost domestic demand . The global impact of China's deflation includes potentially cheaper Chinese products abroad, but also limited access to the Chinese market due to weak demand . ...

China's Xi Jinping tightens grip with unprecedented third term In one of China's grandest locations, it's staged one of its grandest shows. Nearly 3,000 delegates from across the country gathered here for China's version of the opening of parliament. Access in here is rare, controlled as it is closely guarded. In perfect unison, they welcomed their leader. Xi Jinping didn't take the lectern himself, but in a way, this weekend was all about him. His Cabinet of Allies confirmed his third term as President ratified. But listen closely to his outgoing second in command, just a hint that it's not all been plain sailing. The economy maintained stability in overcoming difficulties, and the main development tasks of the year were basically completed in a complex environment with many changes. The Chinese economy has shown strong resilience. In theory, they vote on le...

Summary: FTSE 100 reaches 10-day highs despite mining company struggles. Mining stocks, including Anglo-American , Rio Tinto , Glencore , and Antepagasta , perform poorly due to concerns about global growth and Chinese economy . Wilco faces business-saving uncertainty leading to potential store closures and job layoffs. Virgin Media 's broadband contracts draw attention, potential for unlimited price rises under scrutiny. Positive news from PureGym as half-year revenue increase s alongside growing membership. Nvidia shares surge as chipmaker...

Summary: China's deflation could lead to cheaper import s globally, potentially benefiting the UK's consumer market. UK inflation may receive some relief from cheaper Chinese import s, but ongoing challenges persist. Sustained deflation in China might hinder UK exporters due to delayed spending and slower market growth. Global trade, consumption, and commodity prices could be significantly affected by a slowdown in China's economic growth. ...

Summary: BRICS , a group of developing countries including Brazil, Russia, India, China , and South Africa, is expanding and gaining influence on the global stage. The organization faces challenges in balancing its economic goals with geopolitical considerations and maintaining relations with Western powers. China 's role in BRICS raises questions about the organization's direction and potential anti-Western stance. BRICS seeks to share global power with other middle powers and redefine the global order. ...

Boris Johnson nominates his Dad for knighthood Quite astonishingly, there is something at the bottom of this story that I want to discuss because it is, I don't know any way to talk about it, except to say something that rhymes with Bucketuck. Which is quite astonishingly, it's not from the WhatsApps that have been released, but this is news that came in yesterday. Boris Johnson's resignation honours lists, which contain so many unexpected recommendations for an honours taking a long time to get approved. He's nominated his own dad Stanley for a knighthood. That's him. Right. Now, this is a man whose achievements involve breaking his wife's nose, repeatedly cheating on his family, spawning a shed load of Johnson's that we could probably all do without. Being a go between for Boris with Chinese politicians that he couldn't otherwise meet and more recen...