Beijing Steps In to Fund Chinese Tech Startups

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 14 October 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for Oct. 14. A sharp drop in venture-capital funding is leading the Chinese government to get more involved in grooming the country’s tech industry. The WSJ’s Liza Lin says that in the long run, that strategy could handicap China’s efforts to catch up with Western advances. Plus, a drone launched by Hezbollah hits a military base, highlighting a weak spot in Israel’s air-defense systems. And, most economists surveyed by WSJ think inflation would be higher under the policies of Donald Trump than those of Kamala Harris. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	When Kate and Jervais founded Health and Her in 2019, they set out to transform Menopause care.
0:06.4	Through Barclay's Eagle Labs, they gained specialist industry and business expertise,
0:11.0	with support and training for the whole team.
0:13.0	But the story doesn't end here.
0:16.0	Because Health and Her are only just getting started,
0:19.0	selling at major UK retailers,
0:22.0	and making a real difference to thousands of lives.
0:25.0	Grow your business. Bank on Barclays.
0:28.0	Search Barclays Business Banking.
0:30.0	The US sends an anti-missile system and American troops to Israel.
0:38.0	Plus why a booster rocket's gentle touchdown marks an engineering milestone for SpaceX and as foreign
0:46.6	VC funding dries up Beijing grabs its checkbook to support Chinese tech startups.
0:52.6	I would describe it as a national call by the Chinese government to support the industry
0:57.4	in a time of need.
0:58.9	It's Monday, October 14th.
1:00.8	I'm Luke Vargas for the Wall Street Journal and here is the AM edition of
1:04.7	What's News? The top headlines and business stories moving your world today. The Biden administration is sending an advanced THA d'Anty missile system to Israel Israel along with American troops to operate it.
1:25.8	The U.S. Army operated system is typically crewed by nearly 100 soldiers and saw its first
1:31.0	successful use in combat in early 2022 when one purchased by the United
1:35.8	Air of Emirates intercepted a Houthi missile.
1:39.1	U.S. officials say the deployment will augment Israel's defenses against a sizable
1:44.0	Iranian missile threat and give the US more flexibility in deploying its
	...

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