About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “National People’s Congress: China’s Biggest Political Meeting of 2021 Begins” – below is their description.
China’s most senior officials are gathering in Beijing over the next week for the annual full-session of the country’s parliament, the National People’s Congress. Closely watched during that period will be what economic goals Beijing sets for the coming years, the outlook for U.S. ties, the evolving governance of Hong Kong, and how China aims to achieve its goals of becoming technologically self-sufficient and carbon neutral.
Today is the first day of the NPC and will feature Chinese Premier Li Keqiang delivering his work report, the equivalent of the U.S. State of the Union address. China will also be releasing its 2021 fiscal budget, a slew of economic and industrial priorities for the year, as well as development plans for the next five- and 15-year periods.
Also in focus are potential changes to the governance of Hong Kong, after it was revealed late Thursday that the NPC will review a proposal to overhaul the city’s electoral system. Although details of the proposal have yet to be made public, the move is likely to limit the ability of Hong Kong’s political opposition to win public office.Bloomberg Quicktake: Now YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
In This Story: Beijing
Beijing, China’s sprawling capital, has history stretching back 3 millennia. Yet it’s known as much for modern architecture as its ancient sites such as the grand Forbidden City complex, the imperial palace during the Ming and Qing dynasties.
2 Recent Items: Beijing
In This Story: China
7 Recent Items: China
In This Story: Hong Kong
Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.
Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.