FT News Briefing Pressure builds on Beijing to boost economy
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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.
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Insurers Embrace Climate Goals
- Insurers are increasingly incorporating low-carbon transition goals into their investment strategies.
- This shift is driven by the rising costs of climate-related disasters, such as recent US hurricanes.
China's Economic Slowdown
- China's economy is showing weakness, prompting investors to await details on Beijing's fiscal stimulus plans.
- Recent data reveals deflationary pressures and slower-than-expected growth, raising concerns about missing the 5% growth target.
OpenAI's Restructuring Plan
- OpenAI plans to restructure as a public benefit corporation (PBC) to balance shareholder and stakeholder interests.
- This model aims to protect CEO Sam Altman from outside interference while enabling revenue generation.