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FT News Briefing

China’s start-up winter is here

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 16 September 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

Both the Federal Reserve and the Bank of England are set to announce interest rate decisions this week. In China, venture capital finance has dried up amid political and economic pressures. Plus, Indonesian palm oil producers warn of global supply chain disruption if the EU bans imported commodities linked to deforestation.


Mentioned in this podcast:

Jay Powell’s big week

How China has ‘throttled’ its private sector

Indonesia warns of ‘chaos’ from EU deforestation law 

 

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Persis Love, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.


Read a transcript of this episode on FT.com


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Transcript

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0:00.0

The UK's energy partner.

0:06.0

Learn more at equinore.

0:10.0

At equinore.

0:11.0

Good morning from the Financial Times. Today is Monday, September 16th, and this is your

0:18.0

F.T. news briefing. The U.S. Federal Reserve will decide this week whether to go big or small,

0:25.0

and Indonesia's palm oil industry warns that a new law to tackle deforestation

0:30.0

will mess up supply chains.

0:32.0

Plus, China's venture capitalists are short on cash,

0:36.0

leaving local entrepreneurs out of ideas.

0:39.0

It really was clear just how grim the environment is right now for entrepreneurs.

0:45.0

There's almost no incentive to launch new companies in China.

0:50.0

I'm Kasha Brussalian and here's the news you need to start your day. It's going to be a major week for Central Banks on both sides of the Atlantic.

1:12.0

First up, on Wednesday, the Fed will meet to talk about interest rates.

1:16.0

And at this point, it seems like the decision will be on how big of a cut to make

1:20.0

instead of weather to cut at all.

1:22.0

Investors on Friday up to their bets that were looking at a half-point cut,

1:26.5

rather than the bank's more typical quarterpoint.

1:29.5

And then over in the UK, the Bank of England will have its own interest rate party on Thursday.

1:35.0

Here, the picture is a little more mixed.

1:38.0

The GDP report from July came out last week, and the numbers were kind of disappointing. That's boosted the chances of a rate cut

1:45.1

by a bit. But for the most part, markets still expect that the BOE will hold rates steady. study.

2:05.2

China used to be one of the best places in the world for venture capitalists to invest in startups. Think of a company like Alibaba. It took advantage of China's explosive economic growth and the rise of smartphones to

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