#UK's Sunak - OBR sees peak #unemployment rate of 6.5% (Nov forecast 7.5%); OBR sees UK #GDP returning to pre-crisis level in Q2 2022 (Nov forecast Q4 2022).
#UK Finance Minister Sunak: Introducing a new recovery loan scheme for businesses; retailers will receive up to 6,000 pounds per premises.
#UK 2021-22 budget deficit forecast at GBP 234b vs GBP 164.2b-BBG
#Sunak announces eight freeports locations in #England; freeports will have lower taxes, tax breaks-BBG #UK
OBR: #UK#tax burden to rise to 35% of GDP, most since 1960s-BBG
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CHINA TARGETS SURVEYED JOBLESS RATE AT 5.5% IN 2021, TARGET 2021 CPI GROWTH AT ABOUT 3%.
REITERATES MONETARY POLICY TO BE PRUDENT #China#unemployment#CPI#twosessions2021
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CHINA PLANS 2021 BUDGET DEFICIT AT 3.2% OF GDP VS 3.6% A YEAR AGO. #GDP#DEFICIT#China#NPC🇨🇳
Hang Seng Index opens down 1.95%, dragged by nonferrous metal and pharmaceutical sectors.
Blockchain-related and tech stocks go down. #HongKong#StockMarket#tech#Bitcoin
Shanghai Composite Index -1.15%
Shenzhen Component Index -1.8%
ChiNext -1.81% #China#StockMarket