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FT News Briefing

China’s military spending to outpace economic growth

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 6 March 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

Huawei is lobbying to build the Malaysian government’s 5G network, China will aim for an economic expansion of “around 5 per cent” for 2023, Israel has been gripped by a bitter battle between supporters and opponents of proposed judicial reforms, and US President Joe Biden will soon issue his first presidential veto. 


Mentioned in this podcast:

Huawei fights for role in Malaysia’s 5G rollout

China’s military budget outpaces economic growth in shift to security

Xi Jinping set to overhaul China’s economic policy team at watershed congress

The angry divide in Israel over the rule of law and religion

Joe Biden expected to issue first presidential veto in anti-ESG vote

Credit: SCMP Clips: China targets to boost gross domestic product by ‘around 5%’ in 2023  

Credit: Reuters: Police in Israel use stun grenades on judicial reform protesters

Download the FT Edit app here: ft.com/ftedit


Read a transcript of this episode on FT.com


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Transcript

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0:00.0

The FT News Briefing is supported by Equinole, the UK's energy partner.

0:06.3

Learn more at equinole.co.uk

0:09.9

Good morning from the Financial Times.

0:11.5

Today is Monday, March 6th.

0:13.5

This is your FT News Briefing.

0:19.1

China's National People's Congress is underway.

0:21.6

We'll look at the key announcements so far,

0:23.7

and Israelis are taking to the streets

0:26.1

and the biggest protests the country's seen in years.

0:29.3

The range of people involved is not just left wingers.

0:34.0

You know, it's former security chiefs.

0:35.7

It's reservists from elite army units.

0:38.6

It's former central bank chiefs.

0:41.6

Plus, US President Joe Biden is set to deliver his first presidential veto.

0:47.2

I'm Mark Filipino, and here's the news you need to start your day.

0:50.2

China's struggling telecoms giant Huawei is trying to make a comeback in Malaysia.

1:03.8

Kuala Lumpur has a new government and ordered a review of the previous administration's plans

1:08.5

to build a 5G network.

1:10.3

The contract was awarded to the Swedish company Ericsson.

1:13.8

With the review now underway, Huawei's jumped into secure some of the work.

1:18.4

The Chinese telecom company has been slammed by US sanctions.

1:22.2

Southeast Asia is one of the last regions where Huawei still has influence.

...

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