UBS On-Air: Paul Donovan Daily Audio 'Profits pushing up prices'

China’s October data highlighted the economy’s problems. Industrial production was weak. Global demand for goods is slowing. China sits at the end of many global supply chains, so that affects production. Meanwhile, Beijing’s zero-COVID policies have pushed retail sales down, driven by detentions and restrictions, as well as fear. Japan’s third quarter GDP data fell unexpectedly - fear of the virus may have restrained Japanese consumers.