What does China ‘de-risking’ actually mean?
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 28 September 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
Global dealmaking is languishing at a 10-year low, western companies are insulating their China operations, and Chinese battery groups are avoiding or delaying direct investments in the US and Europe because of geopolitics.
Mentioned in this podcast:
Dealmaking languishes at decade low on private equity drought
Chinese battery groups invest in Morocco to serve western markets
Western companies take slow steps towards China ‘de-risking’
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:12.5 | Good morning from the Financial Times. |
| 0:14.0 | Today is Thursday, September 28, and this is your FT News Briefing. |
| 0:19.1 | Western companies are trying to protect their interests from China, |
| 0:22.4 | and Chinese companies are insulating themselves from the West. |
| 0:26.0 | We'll look at why Morocco has become a popular alternative. |
| 0:29.6 | But first, mergers and acquisitions are in a rough spot, |
| 0:33.7 | but it's not all bad. |
| 0:35.8 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:51.7 | Deal-making has gone comatose lately. |
| 0:55.1 | Mergers and acquisitions are having their worst third quarter and over a decade. |
| 1:00.0 | That's thanks in large part to higher interest rates. |
| 1:02.7 | They're driving up the cost of borrowing. |
| 1:05.1 | A tougher regulatory market isn't helping things. |
| 1:07.8 | The UK and the US have been giving Microsoft a hard time for its planned |
| 1:12.0 | $75 billion bid to buy Activision Blizzard. |
| 1:15.8 | Now, there are a few bright spots. |
| 1:18.9 | Last week, the US tech company Cisco agreed to buy the software maker Splunk. |
| 1:23.8 | It's Cisco's largest acquisition ever. |
| 1:26.4 | And earlier this month, two of the world's largest packaging companies, |
| 1:30.4 | West Rock and Smurf at Kappa merged to create a global group. |
... |
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