Huawei tries to reinvent itself
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 30 September 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
As sanctions derail its traditional business, China’s Huawei is scrambling to reinvent itself by shifting into areas less dependent on foreign chip supplies. China’s Belt and Road Initiative has left scores of lower and middle-income countries saddled with “hidden debts” totalling $385bn. Hong Kong’s stock market is on track for its worst quarter for new listings since the earliest days of the Covid-19 pandemic. And Japan’s new Prime Minister, Fumio Kishida, is seen as unlikely to veer from his predecessor’s economic policies.
Hong Kong faces worst quarter for stock listings since pandemic
https://www.ft.com/content/40436534-cd31-4959-a7c1-95065e281046?
‘Hidden debt’ on China’s Belt and Road tops $385bn, says new study, with Ed White
https://www.ft.com/content/297beae8-7243-4d93-9fac-09e515e82972
The necessary reinvention of Huawei, with Kathrin Hille
https://www.ft.com/content/9e98a0db-8d0a-4f78-90d3-25bfebcf3ac9
Japan’s ruling party appoints ‘Mr status quo’ Fumio Kishida as next leader, with Kana Inagaki
https://www.ft.com/content/9c3b578f-2dd5-4913-acc9-4252c80214e1
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Good morning from the Financial Times. Today is Thursday, September 30th, |
| 0:03.7 | and this is your FT News Briefing. |
| 0:08.5 | Our show is going to focus on Asia today. First, Hong Kong is struggling with fewer stock market |
| 0:13.4 | listings. Japan has a new Prime Minister, and China's Belt and Road Initiative is |
| 0:18.3 | saddling countries with hundreds of billions of dollars in hidden debt. Plus, China's telecoms giant |
| 0:24.1 | Huawei has to shift its business focus because of US sanctions. But can the company pull it off? |
| 0:30.2 | I think the big question remains how they will pay their way through all of this, |
| 0:35.5 | and if the Chinese state is going to pay for it, can they really succeed? |
| 0:40.1 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:46.3 | Hong Kong's stock market is hurting from a drop in new listings after Beijing's crackdown on Chinese |
| 0:51.9 | tech groups. Listings from these companies have become vital to the city, and bankers had expected |
| 0:58.4 | Hong Kong to pick up the slack after Beijing made it clear it doesn't like its tech companies |
| 1:03.2 | listing in the US. That has not happened. Over the past three months, Chinese tech groups raised |
| 1:09.5 | just about $670 million from Hong Kong listings, and new listings in total raised $6.5 billion. |
| 1:17.3 | On both counts, it was the worst performance since the first quarter of 2020 when the pandemic |
| 1:22.5 | ripped through global markets. |
| 1:29.6 | The big goal for China's belt-in-road initiative is to link the country to the rest of the world |
| 1:34.8 | with a massive network of roads and bridges, ports and pipelines. But it's also leaving many |
| 1:41.6 | countries saddled with debt to China, since financing for projects largely comes from Beijing. |
| 1:48.3 | A new study shows that scores of lower and middle-income countries have been left with nearly |
| 1:53.1 | $400 billion in hidden debts. So this is basically the amount of public sector debt to China |
| 1:59.9 | that governments in low and middle-income countries don't report accurately to the world bank's |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.