Aug 16, 2023

China’s deflation problem

Frederic J. Brown/AFP via Getty Images

Steep price decreases in China are causing an economic spiral of layoffs and low consumer spending. Plus, auto workers could vote to strike soon and Novo Nordisk can't keep up with Ozempic demand.

Segments From this episode

UAW to vote on a strike authorization

by Nova Safo

The auto workers union could vote to authorize a strike next week to ensure electric vehicle plant workers are unionized and fairly compensated. But the big three automakers say pivoting to electric vehicles comes with sky-high costs.

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Can Novo Nordisk make enough Ozempic to go around?

by Leanna Byrne

Novo Nordisk manufactures two of the most talked about drugs of the year: Ozempic and Wegovy. The BBC’s Leanna Byrne spoke to their CFO about meeting demand for the notorious weight loss drugs.

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In China, prices have been falling for too long

by Sabri Ben-Achour , Jennifer Pak and Alex Schroeder

Aug 16, 2023

Deflation has led to lost revenue for companies, layoffs, and decreased consumer spending.

Falling prices might be what the U.S. is aiming for, but in China, too much of a good thing is leading to layoffs and decreased spending.

Greg Baker/AFP via Getty Images

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The team

David Brancaccio Host

Leanna Byrne Host, BBC

Kelly Silvera Executive Producer

Meredith Garretson Morbey Senior Producer

Erika Soderstrom Producer

Alex Schroeder Producer

Ariana Rosas Producer

Jordan Mangi Digital Producer

Jesson Duller Media Producer

Nick Esposito Media Producer

James Graham Producer, BBC

Jo Critcher Producer, BBC

Olie D'Albertanson Producer, BBC

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