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
Greetings to all viewers of tv channel 17 on their watches, news time and in the studio of iryna koval, just now about the most important events. The situation in four directions has escalated, fierce fighting continues, the commanderinchief of the armed forces of ukraine Oleksandr Syrskyi reported. According to him, the attempts of the russians to break through the defense have been stopped. The situation in kharkiv oblast is difficult, but the Defense Forces are holding the lines and inflicting damage on the enemy. On kupyan. The situation is dynamic in the severskylyman and pokrovsky directions changes in some areas, the enemy has partial success, in others, the Defense Forces are pushing out the russians. During the yar period, the russian army does not stop trying to capture the city and presses on the eastern flank and unsuccessfully tries to return the lost in the area of klishcheivka. However, the most difficult situation is in the vovchansk district and kharkiv region. B
Bloomberg. As our u. S. S close, and u. K. Markets. A holiday thinned session in asia. Things are decidedly mixed. Of ave not seen much reaction to saber rattling from north korea with that ninth missile test. It is a big week in terms of news flow and data, china pmi, and waiting to see if that feeds into the picture of the growth or thathad from china is as good as were going to get your the second half could look dicey. We had an announcement from the pboc on friday saying they are considering looking at what they call a countercyclical adjustment factor. We are still trying to figure out what that means in terms of the daily yuan fixing. China has been fixing its dollaryuan fix at gradually weaker levels, adjusting from the previous days close. This istion is whether a dollar of fact. It tends to look different when youre looking at the yuan versus the basket of currencies, or is this something reading more into come it that we are seeing a continued weakness when it comes to the y
Southeast asian nation to meet with President Trump. We have the world covered here on daybreak asia and we will be live and across the region to get the latest market reaction. Betty as we mentioned, we are going to hear from the Prime Minister ahead of him meeting with President Trump and why one of indias largest Tech Services companies is worried trumps policies will hurt the center in india. This is daybreak asia, coming to you from u. S. And asia headquarters. I am betty liu betty liu in new 00k, where it is after 7 p. M. Yvonne i am yvonne man in hong kong. Why is he so worried about inflation . His counterparts have overlooked the last two months in recent weakness as a fake. He said missing the 2 inflation target does raise questions. What does that mean for this . It could impact the role of the Balance Sheet. That could be key. Betty we have a guest coming up that says the fed has been excellent in terms of broadcasting how they will reduce that Balance Sheet. Yvonne, let us
Wages are creeping up, but households still unwilling to spend. Yet more signs that the missing puzzle piece when it comes to the japanese recovery. Remainingics story elusive with this threshold out this morning. Laboroyment, the tight market staying at the lowest in around two decades. Also looking at things like retail sales and consumption lacking. Take a look at this chart. Consumers. Is this the case that so many years of deflationary mindset is shake . Ry difficult to the stubbornness of a reluctance to spend there is. Low unemployment employment. You can see when it comes to spending, living expenditure, it is not going up at all. We are going to delve a little bit more. There is no change to the picture that japans economic recovery lacks that strong driver despite expending for a fifth consecutive quarter. The longest run of gdp expansion in about a decade. Lets take a look at other markets. It is a funny start to the trading week. Large parts of Global Markets closed. The u.