The committee will come to order. Thank you all for coming today, i dont think all of you for being here. It is our honor to have the deputy secretary of state here to testify on u. S. Policy regarding peoples republic of china. I originally defaulting back in march, however, our need to focus on the Community Protests from doing that. It is important this committee continue its work on its most committing Foreign Policy challenges, obviously china is one of those. As a complete mistrust correctly recognized, china is a strategic in global competitor of the United States. It would be the greatest Foreign Policy challenge the United States faces in decades to come. Policies of the Chinese Communist party undermine u. S. Interests and values, as we share with partners around the world. Covid19 has brought this challenge the fork front of american life. We now know just how much the Chinese Communist partys decisions and actions directly affect u. S. Citizens, our allies and partners in t
Government extends lockdown instructions for at least 3 more weeks. And Brazils Health minister is fired over his handling of the coronavirus price. So join his crate of eyes crisis has tipped its economy into sharp decline quarterly Gross Domestic Product figures showed that demand for its goods and services has plummeted by 6. 8 percent in raises yet more pressure on beijing to prop up growth and made mounting job losses in 40 exports in the worlds 2nd largest economy lets go straightaway to beijing correspondent katrina youre standing by for us they could train almost 7 percent these are extremely serious figures. Thats right this is a historic plunge this is the biggest contraction weve seen for the 1st quarter growth in china since records began and its not entirely surprising it is especially due to this corona virus pandemic now chinas economy was already slowing last year was it slowed to its slowest growth since the 1970 s. Now this has really this pandemic has really brought
Economy but democrats say they are vague and inconsistent and are calling for a major expansion in coronavirus testing the u. K. Government expense knock down restrictions for at least 3 more weeks and Brazils Health minister is fired after a dispute with present votes in iowa over the corner virus response. Thank you very much for joining us chinas economy has suffered its sharpest fall since it opened up to the world in the 1970 s. In the aftermath of the coronavirus pandemic Gross Domestic Product in the 1st quarter plummeted by 6. 8 percent the 1st time its contracted in decades and speak to our correspondent in beijing katrina you katrina a historic plunge but not entirely surprising. No we were expecting this we have some more information now about this plunge minus 6. 8 percent we havent seen this kind of fall since records began here in china mall figures above around this so manufacturing investment in china fell year on year by 25 percent in the 1st quarter Infrastructure Inv
A major expansion in coronavirus testing the u. K. Government extends knock down restrictions for at least 3 more weeks and Brazils Health minister is fired after a dispute with president abbas an hour over the call in a virus response. Chinas economy has suffered its shopping fall since it opened up to the world in the 1970 s. In the aftermath of the coronavirus pandemic Gross Domestic Product g. D. P. In the 1st quarter promenade by 6. 8 percent compared to a year earlier its the 1st time is contracted in decades as speak to our correspondent katrina youre in beijing so a story fall katrina but not a surprise entirely. No i mean outbreak prevention measures saw chinas economy at a standstill for almost 2 months Factory Production was halted businesses were closed and hundreds of millions of people were stuck indoors and the result is this full of 6. 8 percent historic as youve just said and also the 1st disruption to chinas an interrupted worth for almost half a century and we got so
Careful step at the time donald trump announces guidelines for reopening the u. S. Economy but democrats say they are vague and inconsistent and want a major expansion in coronavirus Testing Process harassed and threatened Health Workers in chile say theyre facing social isolation because a virus fiennes. Thank you very much for joining us chinas economy has suffered its shop is full since it opened up to the world in the 1970 s. In the wake of the coronavirus pandemic Gross Domestic Product g. D. P. In the 1st quarter prompted by 6. 8 percent compared to a year earlier its the 1st time its contracted in decades that speaks to katrina you in beijing for us some. Really historic brunch there but not entirely surprising katrina. No not surprising at all i mean this outbreak saw chinas economy come to a standstill for almost 2 months thats no Factory Production many businesses were closed and hundreds of millions of people were forced indoors and thats led to this historic fall of negativ