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The Intelligence from The Economist

Home groan: China’s housing-sector crisis

The Intelligence from The Economist

The Economist

Global News, Daily News, News

4.53.7K Ratings

🗓️ 22 August 2023

⏱️ 29 minutes

🧾️ Download transcript

Summary

Once again, fears are ripping through the industry—this time starting from a firm once thought too big to fail. In an economy so dependent on housebuilding, that will have wide-ranging consequences. We take a ride in one of the autonomous taxis that have flooded onto San Francisco’s streets (10:22). And crunching the numbers on Antarctica’s worrisome dearth of sea ice (19:40). 


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Transcript

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0:00.0

Finance doesn't need to be disrupted.

0:03.0

It means people who see the potential for progress,

0:06.0

like faster payments, more transparency, and new ways to meet compliance,

0:11.0

so that finance can move at the speed of business.

0:15.0

This is what our blockchain solutions deliver for financial institutions,

0:19.0

enterprises and central banks around the world.

0:22.0

Progress is a choice, and it's one you can make right now.

0:26.0

Ripple, crypto means business.

0:36.0

Hello, and welcome to the intelligence from the Economist.

0:39.0

I'm Aura Okimbi.

0:41.0

And I'm Jason Palmer.

0:42.0

Every weekday we provide a fresh perspective on the events shaping your world.

0:49.0

Let's go for a little ride, shall we?

0:53.0

Not a car, no, not even in a bus or a truck, but in a robot taxi.

0:58.0

The self-driving cars are a polarizing topic in California,

1:02.0

but with expansion on the horizon, we chat with our correspondent,

1:05.0

see if he's on board.

1:08.0

And the sea ice in Antarctica comes and goes with the seasons.

1:12.0

The amount that it goes in the summer has long worried climatologists,

1:16.0

but there's a newer, worrying trend.

1:19.0

It's not coming back as much, even in the continent's winter.

1:28.0

First up, though.

...

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