Xi’ll meet again: China’s People’s Congress opens
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 5 March 2019
⏱️ 21 minutes
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Summary
The National People's Congress of China gathers today for ten days of deliberations. Tensions with the West over the trade war and disagreement about the role of technology giant Huawei will be in the background. Bosses are not always the most reliable narrators for an investor seeking to gain insight into a company. But there are new data sources that are making it harder for executives to mislead them. And an attic in France has yielded a find some claim to have been painted by the 17th century master Caravaggio. But how do we assess whether an unsigned, orphaned work is the real, very expensive deal?
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Transcript
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| 0:00.0 | Hello and welcome to the Intelligence on Economist Radio. I'm your host Anne McElvoy |
| 0:09.6 | in for Jason Palmer today. Every weekday we bring you a fresh perspective on the events |
| 0:14.6 | shaping your world. Elon Musk, the face of the car maker Tesla, is back in hot water |
| 0:21.8 | again for tweeting unverified information about the firm. Bosses like Mr Musk aren't always |
| 0:27.6 | reliable narrators, but happily for investors there are new data sources that make it harder |
| 0:33.3 | for executives to mislead them. We've been investigating. |
| 0:37.6 | And an attic in France has yielded a work that some claim to have been painted by the 17th |
| 0:42.6 | century master, Caravaggio. Lucky for the owners, but how do we assess whether an unsigned, |
| 0:48.6 | orphaned work is the real, very expensive, deal or something a lot less valuable? |
| 1:06.7 | First up though, the People's Congress. China's Parliament is holding its annual meeting |
| 1:15.4 | today. The National People's Congress gathers every year to pass legislation proposed |
| 1:27.2 | by President Xi Jinping. The meeting comes at an important time for the superpower. There |
| 1:32.2 | are signs that the economy in China has been slowing while the trade war with America |
| 1:36.6 | drags on. The Communist Party's ramped up security for the duration of the meeting. |
| 1:41.7 | I'm standing outside the Great Hall of the People, a vast building on the west side of |
| 1:46.1 | Tiananmen Square. The square itself is full of delegates arriving to take part in the |
| 1:52.0 | National People's Congress, which is about to kick off inside. |
| 1:56.8 | Our correspondent, Mark Johnson, is watching the gathering in Beijing. Mark, tell us about |
| 2:01.7 | this meeting. What is it exactly? Well, the National People's Congress is the closest |
| 2:06.4 | thing that China has to a Parliament. It's about 3,000 delegates who come to Beijing. |
| 2:13.4 | Some of these people are nominated by local authorities from Chinese provinces. Some of |
| 2:17.8 | them represent the armed forces and other interest groups. They're all members of the Communist |
... |
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