FT News Briefing China keeps peeling off Taiwan’s allies
Oct 7, 2022
The podcast dives into the cooling pace of US job growth while highlighting Ukraine's ongoing counteroffensive against Russian forces. It explores China's strategic moves to sway Taiwan’s allies, particularly in Latin America, where Paraguay is urging Taiwanese investment. The discussion also touches on the broader implications of rising interest rates, affecting both the housing market and global financial stability. Insights into the luxury car market add an intriguing layer to this complex tapestry of geopolitical and economic challenges.
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US Economy's Mixed Signals
- The US economy shows mixed signals with strong aggregate measures but emerging weaknesses.
- These include cracks in the housing market and financial stress from rising interest rates.
Irony of Russia's Retreat
- Russia's retreat from Kherson underscores the absurdity of its annexation claims.
- This retreat also highlights the vulnerability of poorly equipped Russian and separatist troops.
China's Diplomatic Tactics
- China pressures Taiwan by persuading its allies, like Paraguay, to switch allegiance.
- China offers infrastructure projects and other incentives, sometimes resorting to bribery.