This is John Batster, conversation with my good colleague, Chris Regal, scholar.com, the CEO,

who has business on all the major continents.

I saw the word deflation appear in a Bloomberg or FT report about China's economy

consumer class.

I asked Chris about it and about the general understanding of the

understanding of the manufacturing cycle in China and what is to be done. His report is blunt and includes the word deflationary.

He is Chris Wiegel on Chinese manufacturing and Chinese

consumers on the troubled Chinese economy. More of this later tonight. Thank you.

John I would say in China it's broken from More of this later tonight. Thank you.

John, I would say in China, it's broken from deflation

to uncertain industrial sectors open panic

because the order books are so slow, so low. so China is now experiencing both the global slowdown that's

happening but also the first real impacts of French shoring or reshoring of technology especially.

So the Chinese economy at the industrial side is definitely slowing quickly and the number

of panic calls that we get from suppliers looking for new orders is increasing.

The Chinese consumer therefore is also less liquid and you're seeing more and more pressure

so there's definitely a deflationary trend in China as well as other parts of the world.