China hopes for a big economic rebound
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 6 March 2024
⏱️ 10 minutes
🧾️ Download transcript
Summary
Chancellor Jeremy Hunt will on Wednesday put a £10bn personal tax cut at the heart of his Budget, and China is setting a 5 per cent growth target for this year. Plus, the FT’s Michael Stott sat down with Argentina’s president Javier Milei to talk about the country’s economy. Credit: AP
Mentioned in this podcast:
Jeremy Hunt set to cut national insurance by 2p in UK Budget
Argentina’s Javier Milei says he doesn’t need congress to save the economy
China sets ‘ambitious’ 5% growth target and flags risks to economy
Singapore defends exclusive deal for Taylor Swift concerts in south-east Asia
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | Good morning from the Financial Times. Today is Wednesday, March 6th, and this is your |
| 0:17.5 | FT news briefing. We have a show shock full of economic policy. First, we're going to get a clearer picture of the UK's budget today, and China wants its economy to grow 5% this year. |
| 0:32.0 | Plus, Argentina's president, |
| 0:34.2 | Javier Malay, has grand plans for his country's economy, |
| 0:38.0 | but is he popular enough to see them through? |
| 0:40.4 | I'm Mark Filipino, and here's the news you need to start your day. Chancellor Jeremy Hunt is announcing the UK's budget today and in it he's going to lay |
| 1:06.2 | out 10 billion pounds in personal tax cuts but some conservative MPs will |
| 1:11.4 | probably feel like these cuts don't go far enough, |
| 1:14.3 | because they want to convince voters their party can drag the UK out of recession. |
| 1:19.4 | Labor has a nearly 30% lead over Tories in the polls ahead of this year's election. China's National People's Congress kicked off this week. |
| 1:34.0 | It's the country's rubber-stamped parliament, |
| 1:36.0 | and people watch the annual meetings for clues about the direction of the economy. |
| 1:41.0 | These meetings really get the legislative agenda off to restart in China. |
| 1:45.0 | That's Joe Leahy, the F.T.'s Beijing Bureau Chief. |
| 1:47.8 | On Wednesday, the country's premier at Lee Siang spoke about how to fix the country's |
| 1:51.6 | major problems. |
| 1:53.0 | The key part is what's called the Premier's Work Report, |
| 1:57.0 | where he sets out the targets for the year. |
| 2:00.0 | And the most important ones are the economic growth target and the fiscal deficit target and other things like |
| 2:07.5 | unemployment and also of course the military spending target. So all of these things |
... |
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