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5 Mar, 10 tweets, 4 min read
BREAKING: China sets its economic growth target above 6% for the year at the opening of the National People’s Congress. The government pledges to add more than 11 million urban jobs trib.al/bcVsQDa
JUST IN: China plans 2021 budget deficit at 3.2% of gross domestic product, Premier Li Keqiang says at the National People's Congress. trib.al/NmPM0EO
LATEST: Here are other key highlights of the government’s work report from the first day of China's National People's Congress trib.al/HpjyD61
China may join an Asia-Pacific trade pact comprised of key U.S. allies that Trump exited, Chinese Premier Li says trib.al/X6wx5tO
BREAKING: China plans to boost defense spending by 6.8% this year to $208 billion during tensions with the U.S. and key neighbors trib.al/Txam58O
China plans to step up "prudent" oversight of financial holding companies and the nation’s booming fintech industry, Premier Li Keqiang says trib.al/NSEwUbU
China pledges to solve the housing problem in large cities as monetary loosening after the pandemic spurred a rush to real estate bloomberg.com/news/articles/…
BREAKING: China will revamp the Hong Kong Election Committee that picks the city's leader, and will give it a say in choosing Legislative Council candidates trib.al/VcllySS
LATEST: China plans to boost spending and drive research into cutting-edge chips and artificial intelligence in its latest five-year targets, laying out a technological blueprint to vie for global influence with the U.S. trib.al/Q0KojKv
Here's what economists are saying about China's annual goals, including a conservative growth target trib.al/LVtiuAV

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More from @business

27 Jan
BREAKING: Drugmaker AstraZeneca pulls out of a call with governments on coronavirus vaccine delays, according to European Union officials trib.al/sCSaBNK
LATEST: A spokesperson for AstraZeneca says the company still plans to join a vaccine call Wednesday evening, contradicting a statement minutes earlier by an European Commission spokeswoman bloom.bg/3psgLV6
The European Commission says that a crunch call over vaccine-delivery delays with AstraZeneca has been canceled after the drugmaker pulled out, a claim the company disputes bloom.bg/3psgLV6
Read 4 tweets
12 Jan
THREAD: 1) Who's winning the trade war? The answer: China.🇨🇳

Ahead of the anniversary of the phase one trade deal, Bloomberg’s @hancocktom & @jdmayger look at the ways Xi Jinping got an edge over Donald Trump. @economics trib.al/dvoiRSs
2) Trump vowed in 2016 to very quickly “start reversing” the U.S. goods trade deficit with China. However, the gap has increased since then, hitting $287 billion in the 11 months to November last year. trib.al/dvoiRSs
3) Chinese export performance improved despite the trade war, with the country’s exports grew each year after Trump took office, including in 2019 when exports to the U.S. fell trib.al/dvoiRSs
Read 7 tweets
22 Nov 20
There has been some promising news about a vaccine, and treatment for Covid-19. But what are the steps needed before one can be available for use?

Thread ⬇️
bloom.bg/2IXC4hj
The FDA's review process normally takes about six to 10 months. An emergency use authorization could change all that.

The FDA's advisory groups meets on Dec. 10. but we may get a hint in the days leading up the meeting, when it releases its staff report
bloomberg.com/news/articles/…
If emergency authorization is approved, Pfizer and federal and state government officials have been preparing to help distribute the vaccine within days. bloom.bg/398qH0C
Read 7 tweets
21 Nov 20
🦠 Here's an idea: should governments pay people to get a Covid-19 vaccine?

Is paying for vaccinations an ingenious idea that will save lives and livelihoods? Or is it an undue government intrusion into people’s lives? bloom.bg/3fkJyGR
Those are questions posed by Peter Coy, who says it's a debate the world needs to have.

💉 The news out of vaccine trials have been promising, but ultimately it's meaningless if people don't take them.
bloom.bg/3fkJyGR
The idea of paying people to take care of themselves isn't new, Coy writes.

There are health insurance providers that reduce or waive premiums if you exercise frequently. That actually punishes those who don't participate, but it feels less coercive. bloom.bg/3fkJyGR
Read 4 tweets
4 Nov 20
BREAKING: Joe Biden wins the key battleground state of Wisconsin, AP projects trib.al/KWkzlQL
Here’s the latest Electoral College vote count after the Wisconsin call ⬇️

Biden 248
Trump 214

Latest: bloom.bg/368CJny
Read 4 tweets
4 Nov 20
The U.S. election remains up in the air with the futures of Donald Trump and Joe Biden hinging on key battleground states that were too close to call #Election2020

Here's what we know trib.al/rHzR1qk
PENNSYLVANIA was always expected to be under scrutiny in a close race, with both campaigns aggressively courting voters in the final days before the election bloom.bg/3enoMpu
WISCONSIN is likely to report its results in the early morning hours, after election workers struggled with an unprecedented number of mailed-in ballots starting when polls opened on Tuesday morning bloom.bg/3enoMpu
Read 6 tweets

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