Thanks for joining me. China’s consumer prices are falling at their fastest pace in 15 years, leaving the world’s largest economy battling with the effects of deflation.
Its consumer prices index fell by 0.8pc in January, delivering another blow to Beijing amid a property crisis, soaring youth unemployment and a global slowdown that is hammering demand for Chinese goods.
5 things to start your day
1) Britain’s first private nuclear power station to open in Teesside | Small modular reactors on the bank of the Rover Tees will be in operation by early 2030s
2) Parcel courier Yodel prepares to call in administrators | Hopes of rescue deal fade after delivery company struggles to find buyer
3) Giorgia Meloni goes to war with Italy’s carmaking royalty | The prime minister is taking the fight to the influential Agnelli family as her nationalist position…