China's Property Industry Has Just Been Melting Down

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Beijing announces measures to ease pressure on debt-ridden property sector. Key change is a deadline was being extended for lenders, so the country's major banks,. To cap the ratio of property sector loans. Ed: China's property industry has just been melting down.

Amazon is planning to cut about 10,000 jobs, Google got hit with its biggest US privacy penalty, and Beijing has a plan for China’s troubled property sector.

Mentioned in this podcast:

Amazon prepares for mass job cuts in latest sign of Big Tech belt-tightening

Google hit with its biggest US privacy penalty in $391.mn settlement

Chinese property stocks soar on hopes of turning point for sector

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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