The Borders Are Not Closed

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There have been a lot of discussions about closing borders in China. But so far, there has not been a concrete ruling on this beyond saying that people who have been informed that they are to be conscripted in this draft. One way of thinking is that a government would plan for the next phase for growth by building out its social safety net. That way consumers feel free to start spending and your economy would continue to fire.

Elon Musk is offering to follow through on his deal to buy Twitter, Russians are fleeing the country after Putin announced a conscription army, and the FT’s Ed White explains why China is having trouble transitioning to a new growth model.

Mentioned in this podcast:

Elon Musk proposes buying Twitter for originally agreed $44bn

Desperate Russians fleeing Putin’s war draft stream into Kazakhstan

China after the property boom: can it rebuild the growth model?

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. 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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