4.4 • 796 Ratings
🗓️ 28 December 2020
⏱️ 19 minutes
🧾️ Download transcript
China is bucking a global trend and its economy is growing again. We hear from Wuhan and Shanghai, where restrictions have been lifted and companies are back in business. But the scars left by Covid-19 are still evident. We’ll also ask how ready China is for the challenges of 2021. The world’s second biggest economy is spending huge amounts on green technologies and clean power. Presenter Fergus Nicoll talks to Dr Sha Yu, Co-Director of the China Programme at the University of Maryland’s Centre for Global Sustainability, and Stefan Gsänger, Secretary-General of the World Wind Energy Association. Fergus is also joined by Yuan Yang, deputy Beijing bureau chief at the Financial Times and independent economist Andy Xie in Shanghai.
(Picture: A worker in North China's Hebei Province, Dec. 17, 2020. Picture credit: Getty Images.)
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0:00.0 | Hello, I'm Fergus Nicol. Welcome to Business Daily from the BBC. Coming up in today's edition, |
0:06.7 | why China is bucking a global trend and growing again. We'll hear from Wuhan. I think live is |
0:14.3 | getting really normal now. I already did a lot of things that I used to do, like going to the cinema and karaoke. |
0:24.4 | Also in the program today, we'll explore China's environmental goals. |
0:29.1 | I think wind, solar and electric vehicles are clearly important. They're going to be critical |
0:36.0 | if China wants to achieve its carbon neutrality goal by |
0:39.2 | 2016. So how important is it to have specific environmental targets baked in to the next |
0:46.2 | five-year plan? That's all in business daily from the BBC. Over the past 10 months, the world has learned a new language of disease, the specifics of viral |
0:58.8 | infection and its global spread, the impact on our economies, our livelihoods, our families. |
1:04.9 | We know that the coronavirus was first seen on a large scale in China, and we know that until |
1:10.4 | draconian control measures were |
1:12.1 | implemented by the authorities, it hit business in China as hard as anywhere. An era of uninterrupted |
1:19.0 | growth dating back to the 1970s was brought to a halt. But then came the bounce back, |
1:24.8 | so much so, in fact, that analysts at the Economist Intelligence Unit |
1:28.6 | expect the Chinese economy to be around the same size in 2021 as they predicted back in 2019. |
1:36.8 | Just let that sink in for a moment. And if we use this, albeit crude, yardstick, for China, |
1:43.3 | it's almost like the epidemic never happened. |
1:46.1 | But as my colleague Su Ping Chan reports, COVID-19 has still left scars on the world's second biggest |
1:52.8 | economy. |
1:58.7 | It's back to blackboards and books in this English lesson in Wuhan. |
2:04.1 | COVID-19 has made getting students back to school a global challenge. |
2:08.9 | Teacher Li Kuan returned to his classroom months ago. |
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