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COVID-19 fallout: China drops mention of GDP goal as parliament opens

22May

By Desk TeamNo Comments

COVID-19 fallout: China drops mention of GDP goal as parliament opens

As coronavirus outbreak hammers the world’s second-biggest economy, China dropped its annual growth target for the first time on Friday and pledged more government spending, setting a sombre tone to this year's meeting of parliament.The omission from Premier Li Keqiang's work report marks the first time China has not set a target for gross domestic product (GDP) since the government began publishing such goals in 1990.Given "great uncertainty" caused by the COVID-19 pandemic, Beijing will "give priority to stabilising employment and ensuring living standards", Li told the opening of the National People's Congress.The economy shrank 6.8 per cent in the first quarter, the first contraction in decades, hit by the outbreak of the new coronavirus."We have not set a specific target for economic

China plans to impose new national security laws on Hong Kong

In a huge blow to Hong Kong, China signaled that it will impose new national-security laws on the territory saying that the legislation is aimed at stopping what it considers “secessionist and subversive activity,” foreign interference and terrorism in the city. The proposal to enact the new legislation was submitted to China's legislature on Friday, state media said. In a state-of-the-nation speech opening China's annual parliamentary session, Premier Li Keqiang said that China would "establish and improve the legal systems and mechanisms to safeguard national security" in Hong Kong. According to the legislation, China's parliament empowers itself to set up the legal framework and implementation mechanism to prevent and punish subversion, terrorism, separatism and foreign interf

China- based group hacks official site of Indonesian State Intelligence Agency

China bases Nikon APT group has been found to have hacked the official site of Indonesian State Intelligence Agency (BIN) with the use of hacking tool Aria-Bodu (Body). The BIN has clarified thaht the hacker could not get hold of the confidential information, as it was stored in some other place. Yet, anticipatory steps have been taken in the wake of threat pose by the hacker’s technology, a BIN spokesperson said. The hacking failed as the BIN had implemented the latest security norms to protect the information. Now the BIN taken the necessary measures to further protect its site, the spokesperson said. People in Indonesia are already angry toward China after Indonesian crew members, who died onboard, were thrown into the sea by Chinese vessels without taking any permission from the famil