Cheap Chinese Exports Set to Ease Inflation in West, BoE Urged to Cut Rates

A flood of cheap Chinese exports, including electric vehicles, is set to slash inflation in Western countries
Chinese manufacturing overcapacity and weak domestic demand is causing prices and inflation to plunge in China
Falling export prices from China will intensify disinflationary pressures in Europe and the UK
The Bank of England should cut interest rates now to stave off deflation risks and inject life into the stagnant UK economy
Politicians should seize the opportunity of falling inflation to cut taxes and stimulate growth after years of economic pain