Because the threat posed by covid19 remain serious and widespread, we are proceeding in the best manner we can, remotely in todays case in order to ensure the safety of our witnesses, members, staff and the public. Todays conversation is essential to the oversight of how we should adapt and meet the challenge of increasingly assertive china especially in the backdrop of a Global Pandemic. I had hoped this would be a bipartisan discussion. Unfortunately, without reason or justification, republican colleagues have decided to absent themselves from the committee. I repeat my hope they will reconsider and join us for future unclassified public hearings and unclassified closed roundtables. We will continue to have them as they are being used to frame the oversight issues and requests and inform our members of the various threats facing the country. The American People expect congress will continue doing its job even in a pandemic and that means showing up at a minimum whether we want to or
Planning to sell bonds and admitting gdp targets this year stemming from uncertainties due to the Global Pandemic. Ourinda lets get to markets, anger markets coanchor Tom Mackenzie in the forbidden city. China dropped its gdp target for the First Time Since 1994. That is significant. Tom it is. Our bloomberg sources expected they would do this, but the economists werent entirely sure. They have dropped the gdp target completely, facing up to the economic reality. This was the result of the coronavirus. You saw First Quarter gdp in china drop. Surveys suggest you will get 1. 8 growth for 2020. They are giving themselves space to react to this virus and put a floor under Growth Without tying themselves in knots over an artificially high gdp. High gdp target. Stimulus was a focus for investors. You got that line about the special government bonds quoted at being raised to 3. 7 5 trillion yuan. Alsoeficit target as well when you think about stimulus, you want to think about the deficit tar
with the level the top of the leaderboard after three level on eight under. recording the lowest first rounds at the us open with eight under scores of 62 on the first day. they are back out a little bit later on. dustinjohnson. quadruple bogey on par four second hole. defending champions matt fitzpatrick xxx hole in one on murray mcelroy just dropped murray mcelroyjust dropped a shot at the 13th and dropped to seven. a hole from defending champion mats for accurate but is struggling to gain ground. england declared on 193 for eight on the first day of the ashes series for more than lived up to the hype. joe root unbeaten 118 holding them back for a position on the hundred and 76 5. captain ben stokes made the surprise decision with the close approaching the earliest christenings declaration in ashes history for the up there a half centuries from jonny bairstow and opener zak crawley for them in reply to her border to australia to for the their half centuries from jonny bai
But short on spending. And we have the world covered on daybreak asia and we will go to solvi seoul. It is budget day in australia, just hours away from the revelation of details. We are going to head to sydney for the latest. This is bloomberg daybreak asia, coming to you. Im betty liu in new york, where it is after 7 00 p. M. Yvonne it is just after 7 00 a. M. In hong kong. It seems like politics are going to be dominating the market. Not the typical d. C. News flow to get out of the Trump Administration, but south korea voters, 52 million of them heading to the polls today, and budget day down under. Betty as we have noted, it looks like korean stocks seem to have priced in the volatility in those elections. They are just going higher. Markets are actually quite attractive in south korea. Topics is going to be the aaa rating, and what the budget details on whether that rating is in fact going to be jeopardized, or is all that talk just much ado about nothing . Meanwhile, stocks in t
We split the panels up so that this panel will address the papers on u. S. And chinese strategy and interests in the asiapacific region. And also u. S. China military issues. And the next panel will cover economics, global issues and politics. Scott kennedy will chair that session. We had a number of participants who helped write the papers or who joined us in study groups to review the papers. So this is a representative group, its clearly not everyone who was involved, but some of the key authors in each of the papers were going to address in the panels, body glazer, my colleague at css, senior director of the China Project will talk about the asiapacific papers. Were going to ask the panelists not to summarize the papers but to identify between the american and chinese papers the issues of convergence, divergence and some recommendations. My friend will present on the asiapacific strategy after bonnie. Then well shift to the military relationship, David Finkelstein and the member fr