China is exporting deflation in a more profound way than I believe many economists and strategists appreciate. All else equal, the 15% depreciation in the yuan relative to the dollar in the last year should have increased its PPI inflation rate by 15%. Instead it has dropped 4%.
Footballer Achraf Hakimi's wife filed for divorce and demanded half of his property. She was however informed by court that her "Millionaire' husband owns nothing as all his property is registered under his mother's names. Hakimi receives €1 Million from PSG monthly but 80% of this is deposited in his mother's account.
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