Beijing fears social unrest caused by the real estate crisis

The Bank of England is expected to consider its biggest interest rate hike in more than 25 years, the EU and Britain are easing Russian oil restrictions to prevent gas prices from skyrocketing, and some investors are getting back into the crypto market after a crash earlier this year. China is also trying to raise a $148 billion rescue fund to help complete stalled real estate developments amid concerns about social unrest.

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Mentioned in this podcast:

Bank of England is considering biggest interest rate hike in more than 25 years

West eases oil restrictions as inflation and energy fears rise

Crypto prices are rising as traders dive back into the digital asset market

China's central bank is trying to mobilize $148 billion in bailouts for real estate projects

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