0
0.0
Mar 5, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
-- -- premier li qiang.- -- -- premier li qiang. ithink it is controlled _ -- -- premier li qiang.ed from _ -- -- premier li qiang. ithink it is controlled from the - -- -- premier li qiang. ithink it is controlled from the party l it is controlled from the party leadership, from president xi jinping, of course, and i know that some people are analysing this, and have been saying that the va used to give press, it is at the end of mpc, now he isn't, and maybe it is potentially because economic numbers haven't been looking so great lately and therefore they are trying to dodge some hardball questions, but really, hard ball questions, but really, if hardball questions, but really, if you look at what they have been saying, they are cancelling premier's press conference notjust this year but for future years to come as well, so it sounds like more of a change for a longer term, not just one issue, which they tell us temporary setbacks in economic growth this year or last year isn't really a reason why they are changing the format, and the party is getting greater and greater control i
-- -- premier li qiang.- -- -- premier li qiang. ithink it is controlled _ -- -- premier li qiang.ed from _ -- -- premier li qiang. ithink it is controlled from the - -- -- premier li qiang. ithink it is controlled from the party l it is controlled from the party leadership, from president xi jinping, of course, and i know that some people are analysing this, and have been saying that the va used to give press, it is at the end of mpc, now he isn't, and maybe it is potentially because economic...
0
0.0
Mar 5, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
li qiang saying achieving that 20 to me for target is not an easy task.wth target of around 5% front and center. defense spending up by about 7.2%. the highest in about five years. let's get back to the npc underway in beijing. china government reporter colin murphy is at the great hall of people covering the event. your key takeaways from premier li's opening speech. >> if i had to sum it up in two words, it would be subdued. it concluded about an hour ago. i am standing outside the great hall and already the delegates have left and the press and media are gone. people are trying to digest the work report and make sense of it. as you mentioned, the target of 5%, it is quite ambitious given that last year was such a high base. then the mention of the ultra long special government bond. that acknowledgment of the challenges china does face. it's not easy for us to realize these targets, and we need policies aboard and joint efforts from all fronts. one of the things that after we have had time to digest it, is the gaps between what is essentially a very am
li qiang saying achieving that 20 to me for target is not an easy task.wth target of around 5% front and center. defense spending up by about 7.2%. the highest in about five years. let's get back to the npc underway in beijing. china government reporter colin murphy is at the great hall of people covering the event. your key takeaways from premier li's opening speech. >> if i had to sum it up in two words, it would be subdued. it concluded about an hour ago. i am standing outside the...
0
0.0
Mar 5, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
., , surprise you most from premier li qiang? it is a brief report, a little bit — li qiang?ort, a little bit shorter _ li qiang? it is a brief report, a little bit shorter than - li qiang? it is a brief report, a little bit shorter than prior| a little bit shorter than prior years but a very pragmatic approach to reviving the economy with a focus on how to stimulate wealth and 7—.5% is not a small number and when you look at the overall gdp, 126 trillion, if you target 5% of that, that is equivalent of the mid—size country and that will contribute again probably 30% of the global growth this year so it is a reasonable number and based on provincial budgets from 3a municipalities, it is a reasonable target. we are certainly very happy to see that number confirmed today. aha, that number confirmed today. a reasonable number and target but it is down from the five point to from the year before. does that point to the challenges china is facing? certainly the report took quite a bit about the challenges of international, external and domestic challenges and china certainly in th
., , surprise you most from premier li qiang? it is a brief report, a little bit — li qiang?ort, a little bit shorter _ li qiang? it is a brief report, a little bit shorter than - li qiang? it is a brief report, a little bit shorter than prior| a little bit shorter than prior years but a very pragmatic approach to reviving the economy with a focus on how to stimulate wealth and 7—.5% is not a small number and when you look at the overall gdp, 126 trillion, if you target 5% of that, that is...
0
0.0
Mar 5, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
premier li qiang is now speaking. let's listen in. translation: invigorating china through scien and consolidating the foundation for high—quality development. we will develop a high—quality educational system, implement the party's educational policy and regard high quality development as the life blood of education and also strengthen fundamental education and improve its quality. we will launch an initiative to upgrade basic education and accelerate high—quality, well—balanced development of urban, and rural divisions in education. we will have public interest in education and pilot comprehensive higher education reform. li comprehensive higher education reform. ,, . . ~ reform. li qiang there talking about education _ reform. li qiang there talking about education and - reform. li qiang there talking about education and the - reform. li qiang there talking about education and the needi reform. li qiang there talking i about education and the need to develop it for a modern economy. we'll get the thoughts of our business reporter o
premier li qiang is now speaking. let's listen in. translation: invigorating china through scien and consolidating the foundation for high—quality development. we will develop a high—quality educational system, implement the party's educational policy and regard high quality development as the life blood of education and also strengthen fundamental education and improve its quality. we will launch an initiative to upgrade basic education and accelerate high—quality, well—balanced...
0
0.0
Mar 5, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
right now going to beijing li qiang annual report delivering to delivering the comment that is all of the people security and area including wisely wait for the economy slowing we didn't get that kind of tree not getting everything from any account which tooth guy is really some consummation for investors to take the land grant platform to lend more than but will also looking for japan's retrading very very very modestly on monday in a fashion dynamic of course the wall street session of the night it was wait and see a trade is looking testimony coming up later this week got you a skilled place in the direction for the fate of course but also in japan look of cool consumer prices patoka this is the leading indicated that rising 2.5% on the shop acceleration thanks coming into that because we had peace from last look than we did actually do moments not considering calling the view from the economist to is that the boj ship balancing a blend of economic thing comes through the point of the equity in a little bit on continuing to hold around the 150 mark to what we think a career in the
right now going to beijing li qiang annual report delivering to delivering the comment that is all of the people security and area including wisely wait for the economy slowing we didn't get that kind of tree not getting everything from any account which tooth guy is really some consummation for investors to take the land grant platform to lend more than but will also looking for japan's retrading very very very modestly on monday in a fashion dynamic of course the wall street session of the...
0
0.0
Mar 4, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
that work report is coming from li qiang tomorrow. most economists expect a repeat of the same target of around 5% gdp growth. if they go lower, that is not a very confidence boosting sentiment. if they go higher, you know what that means -- they are confident they can get some growth, but how will they find that growth? are they going to open up the fiscal taps and spend more like they have done in years past. so far the leadership has not done that. xi jinping has repeatedly said he wants high-quality development. he said that 128 times in 2023, double that of 2022. while they are de-risking, they don't want to exacerbate those debt issues in china. haslinda: talk to us about the sentiment on the ground. we have seen unusually protests from the chinese people. there is a sense communication has been lacking. they are unsure how xi jinping's visions will be materialized. >> i can give you some anecdotal evidence from the people i have spoken to this weekend here. everyone says the economy is not doing well. they also want clear signs
that work report is coming from li qiang tomorrow. most economists expect a repeat of the same target of around 5% gdp growth. if they go lower, that is not a very confidence boosting sentiment. if they go higher, you know what that means -- they are confident they can get some growth, but how will they find that growth? are they going to open up the fiscal taps and spend more like they have done in years past. so far the leadership has not done that. xi jinping has repeatedly said he wants...
0
0.0
Mar 5, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
——li qiang. it happens as china tries to reinvigorate its once booming economy.780-72 in the its constitution. the vote came 780—72 in the french parliament to guarantee the right to avoid. it was prompted in part by reproductive rights in the us, where the right to abortion was overturned by the supreme court two years ago. parts of the uk have been treated to one of mother nature's most awe—inspiring spectacles, the northern lights putting on a show for sky watchers from the highlands, scotland, down to cornwall in england's southwest coast. the bbc has been speaking to threes photographers who captured the magic. ——3 photographers. i can magic. --3 photographers. ican describe it— magic. --3 photographers. ican describe it as _ magic. --3 photographers. ican describe it as seeing, _ magic. --3 photographers. ican describe it as seeing, like, - describe it as seeing, like, pillars of beams, white beams, shooting into the sky, when it was about its peak, at about 8:20pm last night. and i also saw pinks and greens along the horizon. i was in awe. a mixture ofjoy
——li qiang. it happens as china tries to reinvigorate its once booming economy.780-72 in the its constitution. the vote came 780—72 in the french parliament to guarantee the right to avoid. it was prompted in part by reproductive rights in the us, where the right to abortion was overturned by the supreme court two years ago. parts of the uk have been treated to one of mother nature's most awe—inspiring spectacles, the northern lights putting on a show for sky watchers from the...
0
0.0
Mar 5, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
here's china's premier li qiang on their strategy going forward.these expected targets i are proposed taking into account. both domestic and international situations, as well as other various factors. achieving these targets this year will not be an easy task. it requires focused policies, redoubling effort and work and concerted efforts from all sides. dr yujie is a china expert at the think tank chatham house. she gave her assessment of beijing's economic plans. i think the mood in beijing, reading from the government report, it seems to be quite subdued. 0n the one hand, the government acutely aware of the challenges, but on the other hand, i think when it comes to actual measures, we're still waiting for more details. i'll give you an example on the youth unemployment. so, the target, according to government report, is around 12 million job creations this year, which is exactly the same target as what beijing put forward back to 2019, the time when the chinese economy grew around 8%. so, again, it's a very ambitious target beijing had just put
here's china's premier li qiang on their strategy going forward.these expected targets i are proposed taking into account. both domestic and international situations, as well as other various factors. achieving these targets this year will not be an easy task. it requires focused policies, redoubling effort and work and concerted efforts from all sides. dr yujie is a china expert at the think tank chatham house. she gave her assessment of beijing's economic plans. i think the mood in beijing,...
0
0.0
Mar 6, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
the very short speech that li qiang gave. lack of a press conference, a thin agenda. standing committee given the right to modify the state secrets law. npc gets to modify a law about the organization of the state council. not a lot of news and speaks to how much more important the party is compared to the national people's congress or other parts of the government. haidi: a lot of numbers are similar to what we've seen, carbon copies of previous reports, so is it that the communist party is not grasping the situation or something else at play? there has been extra obscurity added as well. >> if you read the government work report, from a basic perspective, this was a difficult challenge, maybe they could expand the deficit, but that is not the problem. this is a confidence problem and they hand at that, but nowhere near enough. what people want to see is that the party feels people's pain, understands challenges and the solution is not more spending. it is empowering chinese people in cities in the countryside. the residency system was not mentioned. nothing was ment
the very short speech that li qiang gave. lack of a press conference, a thin agenda. standing committee given the right to modify the state secrets law. npc gets to modify a law about the organization of the state council. not a lot of news and speaks to how much more important the party is compared to the national people's congress or other parts of the government. haidi: a lot of numbers are similar to what we've seen, carbon copies of previous reports, so is it that the communist party is...
0
0.0
Mar 4, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
unveiling strategies, but li qiang will not the holding a press briefing.loomberg's stephen engle joins us. a surprise move by the premier. what are you reading into it? >> this is the one time we can get into tiananmen square. it's the one time you can hear legislators. tomorrow is the political advisory body to the national people's congress and they are gathering. we are getting busloads of delegates coming in. the biggest challenge is the economy, externally in internally. consumption is down even though we saw a big jump in shopping. that does not carry on over the full year. the property mess is well documented with ramifications at the provincial level. there have been calls from the central government. xi jinping resisted big stimulus and emphasizing de-risking and deleveraging. external is poignant and that is why this is an important congress. we saw foreign investment rise by the least amount since 1993. years of investment have slowed because of the economy in the risk of concerns. lots to discuss. tom: seems like a pivotal moment. what are inve
unveiling strategies, but li qiang will not the holding a press briefing.loomberg's stephen engle joins us. a surprise move by the premier. what are you reading into it? >> this is the one time we can get into tiananmen square. it's the one time you can hear legislators. tomorrow is the political advisory body to the national people's congress and they are gathering. we are getting busloads of delegates coming in. the biggest challenge is the economy, externally in internally. consumption...
0
0.0
Mar 25, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
chinese premier li qiang has downplayed concerns about the health of the world's second largest economyhe also pledged to give overseas businesses more access to chinese markets. foreign direct investment into china has continued to fall, after hitting the lowest level in three decades last year. the managing director of the international monetary fund says china faces "a fork in the road" where it can choose to move away from policies that have worked in the past, and re—invent itself. it is very important to open up more space for entrepreneurship and create new drivers for growth, new industries that can bring china's prosperity up. julia lee from state street global advisors says she is seeing some signs of a pick up in investments in china. this is an interesting one and one that's making headlines around financial markets. when we do have a look at exchange trader funds, there's been a lot happening. and some of the new changes could mean more investment into china, which is great news for exchange trader funds. it comes at a time when perhaps the japan central bank is looking at
chinese premier li qiang has downplayed concerns about the health of the world's second largest economyhe also pledged to give overseas businesses more access to chinese markets. foreign direct investment into china has continued to fall, after hitting the lowest level in three decades last year. the managing director of the international monetary fund says china faces "a fork in the road" where it can choose to move away from policies that have worked in the past, and re—invent...
0
0.0
Mar 5, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
you are following premier li qiang's speech. what was the main thing to note? the qiang's speech.ain thing to note? the main thing tonight was it _ main thing to note? the main thing tonight was it was i main thing to note? the main thing tonight was it was an i thing tonight was it was an exercise in morale boosting. that 5% figure you mentioned, some economists predicted that would be quite a challenge potentially for the current situation china faces itself in but they did not dip into the flaws in their growth market and for many that might be seen as a morale booster. consumption, people's confidence to go out and spend it was a positive. it is an exercise to improve that. he said there were
you are following premier li qiang's speech. what was the main thing to note? the qiang's speech.ain thing to note? the main thing tonight was it _ main thing to note? the main thing tonight was it was i main thing to note? the main thing tonight was it was an i thing tonight was it was an exercise in morale boosting. that 5% figure you mentioned, some economists predicted that would be quite a challenge potentially for the current situation china faces itself in but they did not dip into the...
0
0.0
Mar 25, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
. ♪ paul: chinese premier li qiang is downplaying investor concerns of challenges facing the economy.e says beijing is stepping up policy support to spur growth. our global senior china executive editor joins us from beijing. how credible is this message, and how receptive is the audience to it? >> i think that's exactly what the audience wanted to see, this message from the premier that there's a lot policy-wise that china can do to get the economy up and going again. the premier talking about how there's a lot of space when it comes to inflation. china doesn't have inflation, if anything it worries about deflation at the same time. at the central government balance book, it does not have that much debt on it. there's a lot in terms of fiscal policy, there's a lot beijing can do to get the economy revving again so there's a lot of expectation. we've seen the government getting money to replace old cars and equipment so there is expectation that there will be more done in that space. annabelle:annabelle: is there a sense that the shift is running on the front running equity releases?
. ♪ paul: chinese premier li qiang is downplaying investor concerns of challenges facing the economy.e says beijing is stepping up policy support to spur growth. our global senior china executive editor joins us from beijing. how credible is this message, and how receptive is the audience to it? >> i think that's exactly what the audience wanted to see, this message from the premier that there's a lot policy-wise that china can do to get the economy up and going again. the premier...
0
0.0
Mar 25, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
chinese premier li qiang has downplayed concerns about the health of the world's second largest economyhe also pledged to give overseas businesses more access to chinese markets. foreign direct investment into china has continued to fall, after hitting the lowest level in three decades last year. julia lee from state street global advisers told us she is seeing some signs of a pick—up in investments. making headlines. there has been a lot happening in some of the new changes mean more investment which means greatness for exchange coming at a time when the japan central is looking at using etf purchases so watching china closely. the other thing we have been watching with china which is a bit of a contrary and at the moment is the flow of china of etf have been closer to 202k. so it may be an early indicator that it does look like some investors, very early, willing to double their toes into the chinese equities market, giving very low valuations despite some of the struggles of the economy and market. . , , ., ., market. carrying is how china -la s market. carrying is how china plays in
chinese premier li qiang has downplayed concerns about the health of the world's second largest economyhe also pledged to give overseas businesses more access to chinese markets. foreign direct investment into china has continued to fall, after hitting the lowest level in three decades last year. julia lee from state street global advisers told us she is seeing some signs of a pick—up in investments. making headlines. there has been a lot happening in some of the new changes mean more...
0
0.0
Mar 5, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
let's start in china where the chinese premier, li qiang, has said import tariffs on advanced technology and equipment will be cut in an attempt to boost the economy. mr li told thousands of delegates at the annual gathering of the national people's congress that china had set an economic growth target of 5% for this year. but analysts say the target will be difficult to reach. china is facing a property crisis, falling prices, high youth unemployment and a stock market rout. translation: is expected tar: ets translation: is expected targets are _ translation: is expected targets are proposed - translation: is expected targets are proposed to - translation: is expected | targets are proposed to take into account domestic and international tuitions as well as of the various factors. achieving the targets this year will not be an easy task. it requires focused policies, redoubling efforts and work and concerted efforts from all sides. let's head over to our asia business hub and speak tojoao da silva. it's a crucial meeting, talk us through the headlines as this all gets underway. this is
let's start in china where the chinese premier, li qiang, has said import tariffs on advanced technology and equipment will be cut in an attempt to boost the economy. mr li told thousands of delegates at the annual gathering of the national people's congress that china had set an economic growth target of 5% for this year. but analysts say the target will be difficult to reach. china is facing a property crisis, falling prices, high youth unemployment and a stock market rout. translation: is...
0
0.0
Mar 4, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
that is where we are waiting at 9:00 new premier, li qiang will lay out his work report and his priorities. it will be the first clips what the senior leadership wants to do in 2024. in the autumn, they did not hold the traditional third plenum which lays out economic priorities for the long-term. we are guessing they will be trying to tackle the big economic challenges. haidi: opacity when it comes to other parts of government. we have been waiting for an appointment of the foreign minister. we are not likely to get that either. >> because yesterday we got the agenda for the national people's congress and this loads onto the points i just made. the agenda is truncated. the npc is only seven days should usually it is 10 days. singh from the agenda were appointments meaning we are not going to get a new foreign minister. qin gang was removed after seven months in office. the shortest tenure ever for a foreign minister in china. we don't really know the reasons. that leads to the issues of opacity. there is no agenda item two appoint a new one. the state council who has taken over the previo
that is where we are waiting at 9:00 new premier, li qiang will lay out his work report and his priorities. it will be the first clips what the senior leadership wants to do in 2024. in the autumn, they did not hold the traditional third plenum which lays out economic priorities for the long-term. we are guessing they will be trying to tackle the big economic challenges. haidi: opacity when it comes to other parts of government. we have been waiting for an appointment of the foreign minister....
0
0.0
Mar 25, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
chinese premier li qiang has downplayed concerns about the health of the world's second largest economy has continued to fall,
chinese premier li qiang has downplayed concerns about the health of the world's second largest economy has continued to fall,
0
0.0
Mar 5, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
let's start in china where the chinese premier, li qiang, has said import tariffs on advanced technology national people's congress that china had set an economic growth target of 5% for this year. but analysts say the target will be difficult to reach. china is facing a property crisis, falling prices, high youth unemployment and a stock market rout. translation: is expected tar: ets translation: is expected targets are _ translation: is expected targets are proposed - translation: is expected targets are proposed to i translation: is expected | targets are proposed to take into account domestic and international tuitions as well as of the various factors. achieving the targets this year will not be an easy task. it requires focused policies, redoubling efforts
let's start in china where the chinese premier, li qiang, has said import tariffs on advanced technology national people's congress that china had set an economic growth target of 5% for this year. but analysts say the target will be difficult to reach. china is facing a property crisis, falling prices, high youth unemployment and a stock market rout. translation: is expected tar: ets translation: is expected targets are _ translation: is expected targets are proposed - translation: is expected...
0
0.0
Mar 27, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
usually they meet with the premier and this time, li qiang was sidelined just like we saw at the nationaleople's congress. it was xi jinping who came in today and met face-to-face with executives. tom: you are on the ground and you been speaking to leaders, are they convinced china or is making this effort? how much conviction is there that china is a place to do business? stephen: the fact that they made the effort indicates interest. companies we've spoken to, fortescue metals and pascal of astrazeneca, they've been investing due to the pandemic and years before. investing into seven different biopharmaceutical companies, in for the long haul. they are coming to reestablish ties that might've paused during the pandemic and reassess policy because there has been opacity and they want clarification. they're saying they will tighten their belts fiscally but only others investing heavily in new technology. we need more clarity. will it be bifurcated productive forces only for chinese, only for ai or supply chains in china ? a lot of questions that need answering. tom: thank you indeed. i ho
usually they meet with the premier and this time, li qiang was sidelined just like we saw at the nationaleople's congress. it was xi jinping who came in today and met face-to-face with executives. tom: you are on the ground and you been speaking to leaders, are they convinced china or is making this effort? how much conviction is there that china is a place to do business? stephen: the fact that they made the effort indicates interest. companies we've spoken to, fortescue metals and pascal of...
0
0.0
Mar 9, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
something that we heard was the announcement that the premier, li qiang, would not be delivering thenese government normally give at the end of the two sessions. this is a tradition that goes back to 1993, and the fact that this very rare occasion, when members of the press, including of the foreign press, could put questions to a senior member of the chinese government, now that that's disappeared, we have even less insight into what china's leaders are thinking than ever before. it's certainly true that these two sessions are taking place in the most difficult economic context for china in, i think it's fair to say, in a few decades. and so, in a context where the chinese government cannot necessarily give satisfying or comfortable answers to people about what they're going to do about youth unemployment, what they're going to do about china's ageing population, maybe it'sjust the case that the government would prefer to avoid having to answer those kinds of questions at all. how does china see the world at the moment? i mean, does it... it can't want donald trump as us president,
something that we heard was the announcement that the premier, li qiang, would not be delivering thenese government normally give at the end of the two sessions. this is a tradition that goes back to 1993, and the fact that this very rare occasion, when members of the press, including of the foreign press, could put questions to a senior member of the chinese government, now that that's disappeared, we have even less insight into what china's leaders are thinking than ever before. it's...
0
0.0
Mar 25, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
chinese premier li qiang has downplayed concerns about the health of the world's second largest economy
chinese premier li qiang has downplayed concerns about the health of the world's second largest economy
0
0.0
Mar 25, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
chinese premier li qiang has downplayed concerns about the health of the world's second largest economynvestment into china has continued to fall after hitting the lowest level in three decades last year.
chinese premier li qiang has downplayed concerns about the health of the world's second largest economynvestment into china has continued to fall after hitting the lowest level in three decades last year.
0
0.0
Mar 5, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
china's national people's congress kicks off today, with premier li qiang set to outline key measures unpaid severance by former twitter employees. hello, and welcome to asia business report. i'm steve lai. we begin in beijing — where china's national people's congress will get under way in a few hours. the annual session of parliament sets the political agenda for the year. it is mostly a political performance in which rubber—stamped decisions by the communist party are already made behind closed doors. beijing officials say the world's second economy grew by 5.2% last year. but it is facing several headwinds, including a property bubble that's burst and weak domestic spending. i spoke to china expert louise loo, from oxford economics, who weighed in on how beijing is likely to prop up the economy. i think one, it's really about stabilising. policymakers will be using this platform as a way to anchor confidence. so whatever they've announced, you'll be mindful of how the markets will perceive that. so i think we have a confidence crisis stemming from the property sector, which is obv
china's national people's congress kicks off today, with premier li qiang set to outline key measures unpaid severance by former twitter employees. hello, and welcome to asia business report. i'm steve lai. we begin in beijing — where china's national people's congress will get under way in a few hours. the annual session of parliament sets the political agenda for the year. it is mostly a political performance in which rubber—stamped decisions by the communist party are already made behind...
0
0.0
Mar 5, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
the country's premier, li qiang, delivered a major address on china's economy where he announced plansce for the white house.
the country's premier, li qiang, delivered a major address on china's economy where he announced plansce for the white house.
0
0.0
Mar 5, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
li qiang acknowledging challenges.ned by mark cranfield from the markets live team on beijing. give us your assessment on markets. mark: investors are disappointed , although targets look ambitious, a 5% target for a second year higher base looks tough. maybe the one that is disappointing is the fiscal deficit. and a lot of people were looking for a 4% or greater deficit, so the deficit is not adequate considering the problems that china are facing and getting consumers back on track. people are not impressed. there is a suspicion that on shore stocks are getting behind the scenes support. hong kong was being hit by the amd story, certain tech features are not being sold into china, hurting tech names. people probably want time to digest, but headlines do not match the feelings. investors are getting the same gradual approach as before. monetary authority will speak tomorrow, no urgency to lower rates. tom: they were never going to get the bazooka. transparency is lacking. the bitcoin rally continues. is this froth or
li qiang acknowledging challenges.ned by mark cranfield from the markets live team on beijing. give us your assessment on markets. mark: investors are disappointed , although targets look ambitious, a 5% target for a second year higher base looks tough. maybe the one that is disappointing is the fiscal deficit. and a lot of people were looking for a 4% or greater deficit, so the deficit is not adequate considering the problems that china are facing and getting consumers back on track. people...
0
0.0
Mar 5, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
in fact the chinese premier li qiang acknowledged on tuesday their economic performance is facing realolved". he has just announced a series of far reaching measures which they hopes will boost growth, to levels we saw in china pre pandemic. what the chinese won't want to hear is that while they cut the duties on tech imports, europe is turning away. the biggest voting block in the european parliament is now urging strategic independence from china. they have just published a draught manifesto, ahead of european elections, and it spells trouble for beijing. i have been speaking to politico's stuart lau who has just had sight of that manifesto. von der leyen has been talking about de—risking for the last few years, especially since the russian war against ukraine. but what we are seeing this week is that the epp, the european people's party, what they are saying in the policy platform is this general trend of de—risking from china and realising that china is a big challenge, systemic challenge for the european union as a whole. so even though a lot of people in beijing used to think tha
in fact the chinese premier li qiang acknowledged on tuesday their economic performance is facing realolved". he has just announced a series of far reaching measures which they hopes will boost growth, to levels we saw in china pre pandemic. what the chinese won't want to hear is that while they cut the duties on tech imports, europe is turning away. the biggest voting block in the european parliament is now urging strategic independence from china. they have just published a draught...
40
40
Mar 26, 2024
03/24
by
BBCNEWS
tv
eye 40
favorite 0
quote 0
i think what will be interesting here is that you would remember the last year, premier li qiang useo that this time round, albeit in pretty challenging macro backdrop. that will perhaps help instill some competence in the chinese economy, especially when so many of these global business leaders are in attendance. a signal to being open for business is what investors are looking for. business is what investors are looking for-— looking for. and that is the field, the _ looking for. and that is the field, the general - looking for. and that is the field, the general gist i looking for. and that is the field, the general gist of. looking for. and that is the i field, the general gist of this event. it is also about the deal is done on the sidelines as well. tim cook isn't there just to enjoy the ambience and vibe, he will be having a high level meetings with individuals etc. but what about this ongoing narrative that is currently in the news about china and cyber security and hacking key individuals in the us and uk and now new zealand, etc? how does that play into this, or is that not
i think what will be interesting here is that you would remember the last year, premier li qiang useo that this time round, albeit in pretty challenging macro backdrop. that will perhaps help instill some competence in the chinese economy, especially when so many of these global business leaders are in attendance. a signal to being open for business is what investors are looking for. business is what investors are looking for-— looking for. and that is the field, the _ looking for. and that...
0
0.0
Mar 3, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
qiangs as he tries to outline the priorities of xi jinping, who has continually, over 2023, talked aboutigh quality development. that is a term he has used 128 times in 2023. a bit vague, but essentially, it means, we can allow a lower pace of gdp growth as long as the growth going forward is sustainable. and that is something we will be watching very closely. in that lengthy earth -- work report from him tomorrow. haidi: on the one hand, this gdp target is a symbol to try and instill confidence. on the other hand, is there a risk that if they said it too high, they could miss the target? stephen: there have been calls over the last few years to scrap the target altogether. why do it? essentially, the work report is marching orders from the premier to the provinces and around the country that this is what you need to deliver. in years past, we have had some leaders even kind of out of the side of their mouths say, it might be sort of man-made numbers. because, if you get the target, they have to deliver, right? last year, they set a target around 5% gdp growth. as i am a betting man in m
qiangs as he tries to outline the priorities of xi jinping, who has continually, over 2023, talked aboutigh quality development. that is a term he has used 128 times in 2023. a bit vague, but essentially, it means, we can allow a lower pace of gdp growth as long as the growth going forward is sustainable. and that is something we will be watching very closely. in that lengthy earth -- work report from him tomorrow. haidi: on the one hand, this gdp target is a symbol to try and instill...
0
0.0
Mar 11, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
an interesting point, for the first time since 2019 li qiang omitted the very common phrase that housings to be lived in, but speculated on. that is something chinese party officials have been talking about consistently since 2016 as kind of a precursor to we have been seeing is the crackdown on speculation and over leveraging in the property market. he left that out. in a press conference yesterday by the minister of housing and urban and rural development, he said we must adhere to the belief that housing is for living in, not speculation. at the end they gave new life to that sentence that they have been uttering since 2016 to hammer home the point that they are not going to ease up on their crackdown on the property sector, and it is a topic that was not really mentioned to much other than seeking high-quality development. they did not talk a lot about the problems in the property sector, which are huge to say the least. annabelle: huge and something that will be persisting for a couple of years, but property is tied closely to consumer confidence in something policymakers could take
an interesting point, for the first time since 2019 li qiang omitted the very common phrase that housings to be lived in, but speculated on. that is something chinese party officials have been talking about consistently since 2016 as kind of a precursor to we have been seeing is the crackdown on speculation and over leveraging in the property market. he left that out. in a press conference yesterday by the minister of housing and urban and rural development, he said we must adhere to the belief...
0
0.0
Mar 24, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
. ♪ annabelle: chinese premier league li qiang is downplaying concerns of challenges facing the economyhe says beijing is stepping up policy support to spur growth. our greater china editor john liu joins us from beijing. this is from a speech he gave at the china development forum. a lot of different government officials and executives attending that. what else did we get out of that speech and what were some of the key takeaways? john: i think the main argument the premier was making is that, one, china does not have an issue with inflation. there is not pressure from prices rising on policymakers. the other point the premier made is that there was still a lot of room on the central government's books. there is not a lot of debt when it comes to the central government. so if you add those two things together it seems the premier is signaling there is going to be more fiscal stimulus, more done in terms of government spending. over the last couple of weeks we have heard the government is planning things such as government money to encourage households to replace old cars, old appliance
. ♪ annabelle: chinese premier league li qiang is downplaying concerns of challenges facing the economyhe says beijing is stepping up policy support to spur growth. our greater china editor john liu joins us from beijing. this is from a speech he gave at the china development forum. a lot of different government officials and executives attending that. what else did we get out of that speech and what were some of the key takeaways? john: i think the main argument the premier was making is...