Chinese data fuels fears of deflation

A fall in Chinese producer prices has fuelled concerns grow that deflation may be taking hold in the world’s second-largest economy. Industrial producer prices fell 1.8 per cent in August, the most in four months. Steel and agriculture were among the sectors hit. Meanwhile, consumer prices rose 0.6 per cent.In Africa, the Africa CDC and WHO have launched a $600 million plan to combat mpox in 14 countries from September 2024 to February 2025. The initiative focuses on improving surveillance, laboratory detection, case management, infection prevention, and vaccination efforts to strengthen public health responses across the continent.Apple’s iPhone 16 series, made in India, will be globally available shortly after its sales launch, marking a milestone for India’s manufacturing sector and the Make-in-India initiative.