Ex-UN Chief Ban Ki-moon: 90 Million People Fell Into Extreme Poverty

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  • Bloomberg Quicktake: Now published this video item, entitled “Ex-UN Chief Ban Ki-moon: 90 Million People Fell Into Extreme Poverty” – below is their description.

    During the annual Boao Forum on Asia in Hainan, China, former UN Secretary General Ban Ki-moon said while Covid-19 vaccines are getting to market faster, developing and emerging nations risk are lagging behind.

    “Developing and emerging markets risk lagging further behind their advanced peers,” said Ban. “90 million people have fallen into extreme poverty.”

    After canceling the forum last year because of the coronavirus outbreak, China is signaling it’s open for business with the resumption of the conference, billed as an Asian version of the World Economic Forum in Davos. Officials have in the past used the event to announce major steps to open up the financial system, including the establishment and expansion of the stock connect program that links mainland exchanges with Hong Kong.

    China is making a concerted effort to improve ties with U.S. businesses in particular. A slew of American executives will be participating in the conference, including Apple Inc.’s Tim Cook, Tesla Inc.’s Elon Musk, Blackstone Group Inc’s Stephen Schwarzman and Bridgewater Associates’ Ray Dalio.

    Another focus will be on any new climate goals from Beijing, following promises from the U.S. and China to work together to tackle climate change after a visit by U.S. global climate envoy John Kerry to Shanghai last week. Experts close to the climate diplomacy said China may announce new targets to reduce greenhouse gas emissions during the tropical forum, in a response to the climate summit that President Joe Biden will host with 40 world leaders later this week.

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