The medical bills hurting China’s economy
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 27 February 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
Nvidia’s revenues soared in the quarter to the end of January as demand for its AI-focused chips boomed, healthcare costs are dragging down the Chinese economy, and BP is turning its main focus back to fossil fuels. Plus, America’s investors are putting money in English football’s lower leagues.
Mentioned in this podcast:
Nvidia revenues jump almost 80% on booming AI chip sales
Why ‘catastrophic’ medical bills are hurting China’s economy
BP pivots back to oil and gas after ‘misplaced’ faith in green energy
Wealthy overseas owners drive record spend in English football’s lower leagues
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | We're Equinor, an energy company searching for better. Currently, we supply 27% of the UK's gas, |
| 0:07.0 | 15% of its oil, and we're playing our part in the UK's energy transition. In 2023, we invested |
| 0:14.1 | 20% of our global gross spend in renewables and lower carbon solutions. Today, our wind farms power |
| 0:20.0 | 750,000 homes, and we expect this to grow to |
| 0:23.3 | over 7 million UK households. We're an energy company searching for better. Equinor.com. |
| 0:29.0 | UK. |
| 0:33.5 | Good morning from the Financial Times. Today is Thursday, February 27th. This is your FT News briefing. |
| 0:40.3 | NVIDIA saw its revenues sore last quarter, and the high cost of health care in China is hurting the |
| 0:46.3 | country's economy. Plus, U.S. investors are kicking a lot of cash into UK football, and a lot of |
| 0:53.9 | smaller clubs are seeing the benefits. |
| 0:56.4 | If you're a billionaire and you want to dabble in owning a football club, it's quite cheap, really low risk, but you can have some fun along the way. |
| 1:03.5 | I'm Mark Filipino, and here chipmaker really outdid itself. |
| 1:20.1 | The company said its sales increased 78% year over year to more than $39 billion. |
| 1:26.5 | That blew Wall Street expectations out of the water. |
| 1:31.0 | Invidia expects that it will bring in around $43 billion in revenue this quarter, |
| 1:35.2 | which is what analysts more or less expect. |
| 1:38.3 | Investors were happy with what they saw. |
| 1:40.7 | Invidia's share price rose around 2.5% in after-hours trading. |
| 1:51.0 | Over the past two decades, China has expanded its health care coverage to about 95% of its |
| 1:57.0 | population. Health care coverage for children, pregnant women, and infectious diseases |
| 2:01.9 | isn't too far off what you might see in high-income countries. But the system still lags in |
| 2:08.2 | some ways, and it's taking a toll on China's economy. Joe Le is the F.T's Beijing Bureau |
... |
Transcript will be available on the free plan in -28 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.