FT News Briefing
Pressure builds on Beijing to boost economy
Oct 15, 2024
In this episode, Joe Leahy, Asia News Editor at the Financial Times, shares his expert insights on the mounting economic pressures facing China. He discusses deflationary trends and the alarming drop in consumer and factory prices. Leahy speculates on potential fiscal stimulus measures from Beijing, including monetary easing and support for the struggling property market. He highlights the cautious consumer behavior and investor uncertainty that complicates growth targets, painting a picture of China's economic landscape.
11:15
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Quick takeaways
- Insurers are increasingly adopting low-carbon transition goals in response to the financial risks posed by climate change.
- China faces growing economic pressures, compelling authorities to implement stimulus measures while cautiously managing debt risks.
Deep dives
Insurers Address Climate Change
Insurers worldwide are increasingly recognizing the impact of climate change on their financial stability, as evidenced by a recent survey from BlackRock. The survey revealed that nearly all insurers now have at least one low-carbon transition goal integrated into their investment strategies, a significant rise from just 2% two years ago. This shift has been driven by the escalating costs associated with climate-related disasters, such as the recent hurricanes in the U.S., which are projected to result in insured losses of up to $55 billion. As these extreme weather events become more frequent, the insurance industry is compelled to adapt their practices to ensure sustainability and resilience against climate risks.
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