CBN-20220307

Hi everyone. I’m Stephanie LI.大家好，我是主持人李莹亮。Coming up on today’s program.重点提要 -China eyes stable growth with an around 5.5% GDP target in 2022, giving a shot in the arm to world recovery；-State Councillor and Foreign Minister Wang Yi affirms the importance of China-Russia friendship.Highlights of “Two Sessions 2022”聚焦全国两会China has set its economic growth target at around 5.5 percent in 2022 as the country's national lawmakers and political advisors gathered in Beijing to map out development priorities for this year.The gross domestic product (GDP) target is one of the key goals laid out in a much-anticipated government work report delivered by Premier Li Keqiang to the national legislature, which began its annual session on Saturday.The Chinese economy saw a strong rebound with 8.1-percent growth in 2021 and became the only major economy to record growth in 2020.Along with the GDP target, a slew of other development goals were unveiled in the report, including employment, investment, foreign trade and inflation. This year, China aims to create over 11 million new urban jobs, keep a surveyed urban unemployment rate of no more than 5.5 percent, keep grain output over 650 million metric tonnes and lower the ratio of its deficit to GDP at around 2.8 percent.As major global organisations are concerned with rising global inflation, China has set its whole year inflation target at around 3 percent for 2022, much lower than the 5.9-percent IMF forecast for emerging markets and developing economies.In the report, Li also said that pressures and challenges remain ahead due to increasing external uncertainties.In 2022, the Chinese economy is facing the triple pressures of shrinking demand, disrupted supply and weakening expectations, he said. This was in line with the judgement made at the Central Economic Work Conference in December 2021.To meet the annual targets, the country will keep its proactive fiscal policy more effective and step up implementation of prudent monetary policy, Li said. 3月5日，第十三届全国人民代表大会第五次会议在北京人民大会堂开幕。国务院总理李克强作政府工作报告。李克强在政府工作报告中提出，今年发展主要预期目标是：国内生产总值增长5.5%左右；城镇新增就业1100万人以上，城镇调查失业率全年控制在5.5%以内；居民消费价格涨幅3%左右；粮食产量保持在1.3万亿斤以上。李克强指出，在肯定成绩的同时，我们也清醒看到面临的问题和挑战。全球疫情仍在持续，世界经济复苏动力不足，大宗商品价格高位波动，外部环境更趋复杂严峻和不确定。我国经济发展面临需求收缩、供给冲击、预期转弱三重压力。李克强提出，今年着力稳定宏观经济大盘，保持经济运行在合理区间。提升积极的财政政策效能，今年赤字率拟按2.8%左右安排、比去年有所下调，有利于增强财政可持续性；加大稳健的货币政策实施力度，扩大新增贷款规模，保持货币供应量和社会融资规模增速与名义经济增速基本匹配，保持宏观杠杆率基本稳定。State Councillor and Foreign Minister Wang Yi said on Monday at a press conference that no matter how precarious and challenging the international situation may be, China and Russia will maintain strategic focus and steadily advance their comprehensive strategic partnership of coordination for a new era.Wang said the China-Russia relationship not only benefits their peoples but also helps world peace, stability and development. Wang said the China-Russia relationship is valued for its independence."It is based on non-alliance, non-confrontation and non-targeting of any third party, and it is free from interference or discord sown by third parties," he said."The friendship between the Chinese and Russian peoples is rock-solid and there is a bright prospect for bilateral cooperation," Wang added.3月7日，十三届全国人大五次会议举行记者会，外交部长王毅就“中国外交政策和对外关系”相关问题回答中外记者提问。王毅表示，中俄关系具有独立自主价值，建立在不结盟、不对抗、不针对第三方基础之上，更不受第三方的干扰和挑拨。这既是对历史经验的总结，也是对国际关系的创新。王毅表示，不管国际风云如何险恶，中俄都将保持战略定力，将新时代全面战略协作伙伴关系不断推向前进。Here’s what you need to know about China in the past 24 hours 中国经济要闻China’s total value of imports and exports grew 13.3 percent year-on-year to 6.2 trillion yuan in combined figures for January and February. Exports grew by 13.6 percent in the first two months from a year earlier to 3.47 trillion yuan, while imports grew by 12.9 percent to 2.73 trillion yuan.前两月进出口增长13.3%：海关总署3月7日公布，今年前2个月中国进出口总值6.2万亿元，比去年同期增长13.3%，外贸继续保持向好势头。其中，出口3.47万亿元，增长13.6%；进口2.73万亿元，增长12.9%。Update on COVID-19疫情简报The Chinese mainland added 214 locally transmitted cases on Sunday, among which 69 were in Guangdong province, 54 in Jilin, and 46 in Shandong.3月6日，内地新增本土病例214例（广东69例，其中东莞市50例、深圳市19例；吉林54例，其中吉林市42例、长春市7例、延边朝鲜族自治州5例；山东46例，均在青岛市；甘肃12例，均在兰州新区；河北9例，均在邢台市；内蒙古7例，其中呼和浩特市3例、鄂尔多斯市2例、包头市1例、呼伦贝尔市1例；江苏5例，均在连云港市；云南4例，均在德宏傣族景颇族自治州；上海3例，其中徐汇区2例、浦东新区1例；湖北2例，均在武汉市；山西1例，在太原市；浙江1例，在嘉兴市；广西1例，在防城港市）。Next on industry and company news产经消息及公司新闻IQiyi raised $285 million from its controlling shareholder Baidu and a consortium of investors through a private placement, the Nasdaq-listed video streaming company said Friday. Baidu agreed to buy 164.7 million newly issued iQiyi class B ordinary shares, and the consortium will purchase 304.7 million newly issued Class A ordinary shares. 爱奇艺募资2.85亿美元：3月4日，爱奇艺宣布与百度及Oasis Management Company 等投资机构签订认购协议。投资人同意以私募方式购买共计164,705,882份新发行的公司B类普通股和304,705,880份新发行的A类普通股，总价为现金2.85亿美元。百度将认购B类普通股，其它投资人将认购A类普通股。Pony.ai has wrapped up its latest round of fundraising, boosting its market valuation to $8.5 billion, the Chinese self-driving technology developer backed by Toyota Motor said Monday. This is a 65 percent jump from its previous valuation after the Series-C round in February 2021, the Guangzhou-based company said.小马智行融后估值85亿美元：3月7日，小马智行宣布完成D轮融资的首次交割，整体估值达85亿美元。本轮融资资金将用于团队扩充、技术研发、Robotaxi及自动驾驶卡车（Robotruck）车队规模扩大及全球测试与运营、自动驾驶技术量产以及商业化部署等业务领域。Wrapping up with a quick look at the stock market最后来看股市收盘情况Chinese stocks closed in green today as the benchmark Shanghai Composite lost 2.17 percent, while the Shenzhen Component fell 3.43 percent, with the tech-heavy ChiNext Index down 4.3 percent, the biggest single day drop in nearly a year. The Hang Seng Index dived 3.87 percent with the TECH Index recorded another all-time low.周一A股低开低走，沪指跌2.17%，深成指跌3.43%。创业板指跌4.3%，创近一年最大单日跌幅。创业板指、深成指均创年内新低。盘面上，三胎相关概念股强势，机场航运、旅游、汽车芯片、宁德时代概念股等板块跌幅居前。恒生指数收跌3.87%，恒生科技跌4.43%再创新低。盘面上，科网股、回港中概股大跌。Biz Word of the Day财经词汇划重点A fiscal deficit is a shortfall in a government's income compared with its spending.  A fiscal deficit is calculated as a percentage of gross domestic product (GDP).财政赤字是指财政支出超过财政收入的部分。赤字率指财政赤字占国内生产总值的比重，是衡量财政风险的一个重要指标。