Archives of “Broadcasting” tag

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China has banned the BBC from broadcasting within China

  
  Analysis
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The ban of BBC World News comes in response to the BBC broadcasting its documentary about systematic rape of Uighurs in Xinjiang.

The BBC was not widely available to the population in China but could be accessed through many 5-star hotel services. It has always been subject to routine censorship in China.

Japan Q1 final GDP -2.2% vs -2.1% expected

  
Analysis, Economy
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Quarter-over-quarter annualized growth data

  • Most-recent estimate was -3.4%
  • q/q -0.6% vs -0.5% expected
  • Private consumption -0.8% vs -0.7% expected
  • Business spending +1.9% vs +1.5% expected
  • Prelim business spending -0.5%
The big jump in business spending led to the final reading getting a boost to -2.2% from -3.4%. Obviously that’s not going to hold up into Q2, where the consensus is -8.3%. Economists still don’t see any growth until Q2 of 2021.
This number along with the latest current account data (which was a huge miss) have had no impact on JPY.

China to expel US journalists from The Washington Post, New York Times, and Wall Street Journal

  
  Analysis
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China’s Ministry of Foreign Affairs statement said the three US outlets, along with Voice of America and Time magazine, will be designated as “foreign missions”

  • must report information about their staff, finance, operation and real estate in China
  • US citizens working for The Post, the Times and the WSJ, whose press credentials are due to expire before the end of 2020, must hand back their press cards
  • will not be able to go to Hong Kong or Macao as a base for work
Its unclear if the removal of press credentials also applies to those at VoA & Time
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