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. Well get the thoughts of our Business Reporter on that in just of our Business Reporter on that injust a of our Business Reporter on that in just a bit. But first, lets come back to that big sort of Headline Figure thats come out, where theyve stated, or li qiang has stated, that target for gdp for 2024 is 5 . Thats right. So that all emerged in the last five or so minutes, steve. Maniage is wondered whether or not theyd be able to back up that figure. 5. 2 , of course, in 2023. Whether or not, given its coming off now a
Economy now is important to anchor confidence. In doing that comes from projecting really clear, decisive policies to win the economy. 50 really clear, decisive policies to win the economy. So when it comes to to win the economy. So when it comes to confidence, to win the economy. So when it comes to confidence, we to win the economy. So when it comes to confidence, we are i comes to confidence, we are seeing china struggling with that. Do you see them introducing measures to boost spending because eli would say nine months ago, it wouldve seemed unlikely. But now the barfor stimulus is much higher. Its almost become a bit of a necessary condition for them to introduce something on the consumption side, to really boost the economy around 5 this year. Really boost the economy around 5 this year 596 this year. China is already saddled with 596 this year. China is already saddled with debt, 596 this year. China is already saddled with debt, what 596 this year. China is already saddled wit
if you have just joined if you havejustjoined us it is time for the top business stories. we start here in the uk where in the next few hours the bank of england is widely expected to raise the cost of borrowing for the twelfth time in a row. the quarter percent rise most economists are predicting would take the bank s main interest rate to 4.5% the highest it has been in almost 15 years. the big question though will it be enough to start to get inflation, which is still running at more than 10% a year, under control? let s speak to katharine neiss she has held various roles at the bank of england and is now chief european economist at p gim fixed income. good to have you on the programme. iassume good to have you on the programme. i assume you are with the majority believe we are looking at a rate hike today of another 25 basis points. today of another 25 basis oints. . , today of another 25 basis oints. . , ., , points. that s right, that s the consensus p
washington, where the us debt ceiling fight is heating up, with both sides showing no room for compromise yet on an issue that impacts the global economy. us treasury secretary janet yellen has issued a letter to congressional leaders, warning the us could run out of cash byjune 1st. that s prompted president biden to call a meeting with the top leaders in congress next week seen here. in the letter, yellen warned: speaker mccarthy responded to yellen in a statement, saying: the republican controlled house passed a debt ceiling bill last week that includes steep spending cuts. senate democratic majority leader chuck schumer announced a process to pass a clean bill with no cuts just hours ago. meanwhile, a little relief in the banking sector. wall street giantjp morgan chase took over the troubled first republic bank in a 10 point 6 billion dollar deal brokered by regulators. hey seized first republic early on monday, after efforts to rescue the bank fell through over the we
after appearing in court in moscow. brazil s former president, jair bolsonaro, has returned to the country after three months of self imposed exile in the united states. and, one of the biggest creatures ever to walk the earth, a patagotitan dinosaur goes on display at the natural history museum in london. here in the uk, a man s been found guilty of murdering a nine year old girl who was shot in her home in liverpool. olivia pratt korbel was killed when shot were fired through herfrontdoor, fatally hitting olivia in the chest. her mother was also injured. earlier our correspondent rowan bridge was outside manchester crown court where the case was heard. olivia s family, her mum, her olivia s family, her mum, her brother and sister have been here for most of the trial over the last three of a half week sobbed at the verdict was absurd, and when the family came out, of course, out of the courtroom, they called the police officers who have been involved in the investigation.