China’s Global Mega-Projects Are Falling Apart
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 23 January 2023
⏱️ 16 minutes
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| 0:00.0 | Busy making budget plans for the business year ahead, we've got you covered. |
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| 0:24.4 | Quote you've been given my e-vote for 0.02 for business plans by at least £1 per month, terms apply such three business price promise. |
| 0:34.5 | Fed officials set a milder course for future rate hikes. |
| 0:38.7 | Plus, activist investor Elliott Management takes a big stake in Salesforce and cracks emerge in China's mega projects around the world. |
| 0:48.0 | China over the past decade is offered about $2,000 in international loans across the developing world. |
| 0:53.2 | But a few years later after these projects have been built, they're starting to emerge some problems with construction. |
| 0:57.7 | It's Monday, January 23rd. I'm Luke Vargas with the Wall Street Journal, and here's the AM edition of What's News, |
| 1:04.6 | the top headlines and business stories moving your world today. |
| 1:14.4 | US Federal Reserve officials are preparing to slow interest rate hikes for the second straight month, |
| 1:20.1 | as they gain more confidence that inflation will ease further this year. |
| 1:24.5 | Those officials could also begin deliberating at their next gathering on January 31st, |
| 1:30.3 | about how much more softening in labor demand, spending and inflation they would need to see |
| 1:35.8 | before pausing rate rises this spring. |
| 1:38.9 | Wall Street Journal deputy Europe Finance Editor Quintinweb has more. |
| 1:43.0 | The Fed raised rates seven times last year. |
| 1:45.2 | The likely decision to approve a smaller increase in February reflects growing confidence among officials |
| 1:50.9 | that the economy is responding to their efforts to dampen down demand and thus spring down inflation. |
| 1:57.3 | In December, most Fed officials projected the rate would rise to a peak of between 5 and 5.25%. |
... |
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