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Transcripts For BBCNEWS World Business Report 20240706

let s start with china, because it s currently holding its annual two day national people s congress and has set out its economic forecast for the year. premier li keqiang told a packed audience in beijing on sunday, that the government hoped to achieve economic growth of around 5% in 2023. the figure is in line with most analyst predictions. last year, successive strict lockdowns slowed china s growth. official figures show the world s second largest economy grew by 3% last year, which was way below the government target of five and a half % and its slowest for decades. lets discuss this with louise loo, senior economist at oxford economics. there s widely expected to be a big shakeup in the team handling the economy. around 5%, it probably implies that growth as low as 4.5% is probably acceptable to the government and we do think that means the policy matters that we see will be a little bit more than what we expect last year. more than what we expect last ear. , , , ye

Transcripts For BBCNEWS World Business Report 20240706

the country has set a modest target for economic growth this year of around 5%, as it kicked off the annual session of its national people s congress, which is poised to implement the biggest government shake up in a decade. last year, successive strict lockdowns slowed growth in china. official figures show the world s second largest economy grew by 3% last year, which was way below the government target of 5.5% and its slowest for decades. now, compared to many economies, a 5% growth target sounds very positive but as janet mui, head of market analysis at brewin dolphin, explained china is an exception. i think economists were pretty disappointed at this conservative growth forecast, as you mentioned. it is actually a high figure for the developed market, but china is still an emerging market that should be growing strongly. so this is slower than expected, because i think in the previous year the government has missed this gdp growth target and i don t think that they

Transcripts For BBCNEWS Breakfast 20240706

against rivals manchester united. good morning. as we go through this week it good morning. as we go through this week it will good morning. as we go through this week it will turn much colder with some week it will turn much colder with some of week it will turn much colder with some of us week it will turn much colder with some of us seeing snow. today we had snow across some of us seeing snow. today we had snow across parts of the north and north-east snow across parts of the north and north east of scotland. as we can further north east of scotland. as we can further sound cloudy with limited sunshine further sound cloudy with limited sunshine and still relatively mild. the cold sunshine and still relatively mild. the cold air will feed into night and through the rest of the week. all the and through the rest of the week. all the details later on in the programme. it s monday, the 6th of march. our main story. asylum seekers who cross the channel in small

Transcripts for BBCNEWS World Business Report 20240604 05:39:00

foxconn. incentives to companies like foxconn- incentives to companies like foxconn. ., , ., ., foxconn. aq, the latest on that sto . foxconn. aq, the latest on that story- let s foxconn. aq, the latest on that story. let s bring foxconn. aq, the latest on that story. let s bring you story. let s bring you some other business news. twitter insiders have told the bbc the company is no longer able to protect users from trolling, following lay offs and changes under owner elon musk. current and former employees of the firm told bbc panorama, standards were getting more difficult to maintain. twitter has not replied to the bbc s request for comment. ambulance strikes due to take place in england today and on wednesday have been called off. the unite union suspended the industrial action to enter pay talks with the government. it followed the unison and gmb unions earlier suspending walkouts after what they called a huge shift in the government s position. toblerone is to remove th

Transcripts for BBCNEWS Breakfast 20240604 06:16:00

peakfrom its packaging when some of the chocolate s production is moved from switzerland to slovakia. you will recognise it from their shelves. the image of the alpine peak has been used since 1970 but strict rules mean swiss national symbols cannot be used to promote milk based products that are not made exclusively in switzerland. it is not going forever. it is going to be a generic mountain image, not that particular mountain. there is only one matterhorn. we might have snow over the next few days. i have read allsorts of warnings about whether that is to come. what is true? john is right. snow is in the

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