developments in the past 2 decades have been far from satisfactory mask elections have returned rep aransas intact the people who are hostile to beijing and we cannot allow that situation to continue in other words the outcomes have not been good so beijing needs to take a close look at rewrites the moves there when you say that's what we're doing but when you say rewrite the rules you're saying the gradual progress toward universal suffrage is no longer an aim we still have a major mass participation element we still we will have 20 seats elected by universal suffrage but the new system will allow for more meritocracy it has participation participation by people who are competent said knowledge because in in the past 2 years we've been gripped by. extremists who use filibuster who hold up government business and we were unable to solve our city's problems. there seems to be a concern though that some of what you're referring to as competence is actually allegiance to beijing and that it's not actually about competence per se for example if anyone holding public office has a ticket olds rig

aransas -- haram's legal -- around lead negotiator is sent to me again on friday.mir putin is set to take part in a climate summit organized by joe biden this month. the kremlin is working on an address to the virtual event. and when mark putin's first public engagement with biden. last month, bided agreed and a tv interview that putin is a killer. global news 24 hours a day, on-air and on bloomberg quick take, powered by more than 2,700 journalists and analysts in more than 120 countries. i'm vonnie quinn. this is bloomberg. shery: time now for morning calls. i am watching today u.s. treasuries, 10 year yield fell below the 170 level. i am jean now saying yields could hit to a half percent by year end. the bank says yields look incredibly tame given next -- given data. expecting the gdp to grow by 10% in 2021. that also assumes inflation will reach three to 4% this year. haidi: i am taking a look at the ozzie dollar. it is likely cap for now at 0.77. i should say at the 77 set handle due to the recovery. also expecting a. of softer data with the expiration of the