Unchanged policy. Coming back from the typhoon slower by 116 points. We are talking about hsbc, one of the laggards here, missing out. The largecaps under pressure, 4819 right now. We are looking. When it comes to dollar dynamics, we did see a stronger dollar, which led to a hit. 379 right. 7 now. The china 10 year yield, we just got the pricing on the dollar bonds. Gold taking a retreat. Brent crude Holding Around 42. Tom lets bring you back to the top story in this region. Xi jinping will bring a major policy address later, in the next 20 to 30 minutes or so. Across the border in shenzhen, to talk about an integrated tech corridor to rival silicon valley. Stephen engle is following the story and joins us from hong kong. Steve, what are you looking for in this speech . Stephen i am looking for a better tagline. They are calling this a chinese socialist pilot zone with chinese characteristics. I think the greater bay is the grander scheme. And xily china wants to jinping with a trip so
The decision. And millions more people in the u. S. Lose their jobs but some stores are surviving without laying off staff. Chinas premier is about to outline the countrys plans for the next year after some of its most challenging months the corona Virus Outbreak that began in woohoo and forced it into a National Shutdown which was badly hit the economy and its still locked in a trade dispute with the United States well its just gone 9 am in the Chinese Capital beijing and this is the great hall of the people where the National Peoples congress is getting underway with more than 3000 delegates in his opening address premier league chang is expected to announce plans to tackle the economic fallout will katrina you joins us live now from beijing katrina this National Peoples congress was originally proposed because of the corona virus and how important is this years event given that beijing would want to show that its back to business as usual and claim victory over the pandemic. Well th
[applause] and ask for your job ration for the numbers of the national committee. Epidemic spreading and it is the most challenging Public Health emergency that china has encountered. We are fighting it with the sacrifice of our nation. Strategicde major achievements in response to covid19. We are promoting development. We fulfilled the targets and tests for economic and social development this year. The debut of the work in 2019 in first few modes of 2020 china faces many challenges. This let them and when this foundation reached the goal of prosperity the economy remained stable over all. The gdp rose 99 point with a 6. 1 increase over the previous year. New jobs were added. The Unemployment Rate was below 5. 3. Consumer prices rose by 2. 9 . A basic equilibrium was maintained in the balance of payments. The economic structure continued to improve, and the Development Priorities of regions are better aligned. Total retail sales of consumer goods exceeded 40 trillion yuan, and consump
National committee of the cppcc for their comments. The covid19 epidemic is the thee fastest spreading, most extensive, and most challenging Public Health emergency china has encountered since the founding of the peoples republic. Under the strong leadership of the Central Committee of the communist party of china with comrade xi jinping at its core, and through the hard work and sacrifice of our entire nation, we have made major strategic achievements in our response to covid19. At present, the epidemic has not yet come to an end, while the tasks we face in promoting development are immense. We must redouble our efforts to minimize the losses resulting from the virus and fulfill the targets and tasks for economic and social development this year. First, a review of our work in 2019 and the first few months of 2020. In pursuing Development Last year, china faced many difficulties and challenges. World Economic Growth was weak, International Economic and trade frictions intensified, and
Approval. I asked for your deliberation. Cppcc for their comments. The covid19 epidemic is the fastest spreading, most extensive, and most challenging Public Health emergency china has encountered since the founding of the peoples republic. Under the strong leadership of the Central Committee of the communist party of china with comrade xi jinping at its core, and through the hard work and sacrifice of our entire nation, we have made major strategic achievements in our response to covid19. At present, the epidemic has not yet come to an end, while the tasks we face in promoting development are immense. We must redouble our efforts to minimize the losses resulting from the virus and fulfill the targets and tasks for economic and social development this year. First, a review of our work in 2019 and the first few months of 2020. In pursuing Development Last year, china faced many difficulties and challenges. World Economic Growth was weak, International Economic and trade frictions intens