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BBCNEWS World July 5, 2024

scheduled to open in 2025 so next year forjust over half the current expected cost. that was delayed to 2027, and the french utility operator edf now says it will be another two years before the project is complete. it s the latest setback in energy capacity and security for the uk and may put pressure on the british government to intervene. our business editor simon jack explains the wider implications for the british government. edf will shoulder the cost of this because they agreed back in 2016 or a higher price at which they would supply electricity, they would take the risk, but it is notjust their problem because the government wants to build an identical plant at sizewell in suffolk, and for that plant, customers will be on the hook a little bit, it will be added to their bills to pay for the construction over a decade or so. the government has put into 5p of its own money and trying to raise private capital to try and fund this. they say they are still supporters

BBCNEWS Asia July 5, 2024

can see from unemployment data and from depopulation and that is the way forward. of course, china will try to smooth this structured deceleration as much as possible. structured deceleration as much as possible- as possible. those population numbers and as possible. those population numbers and the as possible. those population i numbers and the unemployment numbers and the unemployment numbers which china s government has decided to release this time around, what long term impact of those figures likely to have on the economy? figures likely to have on the econom ? ~ , economy? well, the good news, to start with economy? well, the good news, to start with the economy? well, the good news, to start with the good economy? well, the good news, to start with the good news, - economy? well, the good news, to start with the good news, is l to start with the good news, is because china is still urban icing and moving population from rural areas to the cities, impact on

BBCNEWS Asia July 5, 2024

regard, it s good news. but we need to put it in that context. 0bviously, china is facing a slowdown. what do you expect the government to do to try to boost the economy going forward? boost the economy going forward? ~ . ., forward? well, li keqiang made it very clear forward? well, li keqiang made it very clear that forward? well, li keqiang made it very clear that the forward? well, li keqiang made it very clear that the 5.2% - it very clear that the 5.2% growth was basically not by stimulus. as he said, china s good immune system. it is very clear that to reach anything similar, which i think is what the government is going to announce in the two sessions in march, they will need some stimulus. and we are already seeing additional issues for local governments and expectations of a cut in the ratio and monetary policy and stimulus, etc. some stimulus will come, but it will be limited. just to barely make it to 5% and possibly maybe even slightly below 5% next year. t

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