Beijing fears social unrest from the real estate crisis

The Bank of England is set to consider its biggest rate hike in more than 25 years, the EU and UK are easing restrictions on Russian oil to prevent gas prices from rising, and some investors are returning to the market crypto after a previous crash. this year. China is also trying to create a $148 billion bailout fund to help complete stalled real estate developments amid concerns about social unrest.

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Mentioned in this podcast:

The Bank of England is considering the biggest rate hike for more than 25 years

West eases oil curbs as inflation and energy fears grow

Crypto prices rise as traders return to the digital asset market

China’s central bank aims to mobilize $148 billion bailout for real estate projects

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The program editor is Jess Smith. Additional help from Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The main theme of the show 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

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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!