This chapter explores the steep decrease in startup formations in China, plummeting from over 50,000 to just over 1,000 due to economic slowdowns and heightened regulations. It also examines the impact of geopolitical tensions, particularly those stemming from U.S. sanctions, on investor sentiment and the high-tech sector.
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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