What's China Doing About Its Loans to Emerging Markets?

4min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

There are well over a dozen developing countries now where the bonds are trading at levels that suggest investors think a default is imminent. Italy's prime minister, mario dragge, watched his government unravel yesterday. Bookmakers and opinion poles are betting on foreign secretary liz trusts as the favor to replace prime minister boris johnson. The other front runner is former chancellor rishi suna.

Tesla withstood disruption to China production and the high costs of scaling up new plants in Texas and Germany, Ukraine is getting some debt relief from western creditors, and Sri Lanka is just one of a number of developing economies facing growing pressure from soaring energy costs and a stronger US dollar. Plus Italian prime minister Mario Draghi’s government is on the brink of collapse, and Liz Truss will go head-to-head with Rishi Sunak in the race to become Britain’s next prime minister.

Mentioned in this podcast:

Tesla profits jump despite production disruptions

Draghi on brink after coalition partners withdraw backing

Ukraine secures preliminary deal to suspend debt repayments

What Sri Lanka reveals about the risks in emerging markets

Rishi Sunak to face Liz Truss in battle to become UK Prime Minister

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.