Can the Government Hand These Projects to Local Authorities?

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The idea now is for the local governments, or local government own the entities. They would take project loans from either the central bank or the commercial banks to complete them. This time, that's the idea, because developers owed so much debt,. So why would the government hand these projects to local officials? Onmean, would local officials be able to complete the projects more successfully than the original developers? this at is a go question.

The Bank of England is set to consider its biggest rate rise in more than 25 years, the EU and UK are easing up on Russian oil restrictions to keep gas prices from spiking, and some investors are getting back in the crypto market after a crash earlier this year. Plus, China is trying to come up with a $148bn bailout fund to help complete stalled property developments amid concerns about social unrest.

Subscribe to the FT News Briefing on Apple Podcasts or Spotify

Mentioned in this podcast:

Bank of England considers biggest rate rise for more than 25 years

West eases oil restrictions as inflation and energy fears grow

Crypto prices rise as traders dip back into digital asset market

China’s central bank seeks to mobilise $148bn bailout for real estate projects

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.