bankruptcy protection in the us under chapter 15 which governs foreign companies in the us, protecting them from creditors that might want to sue them. you have probably heard of chapter 11. that typically governs american companies but it is chapter 15. according to court filings these negotiations are ongoing in hong kong, canaanite and british virgin islands. we have reached out to evergrande that have not had conversation. to those who have wondered if they have ever thought of evergrande before it is china s huge property giant. they have about 1300 projects across 280 different cities in china and they invest in everything, not just property. they have an electric vehicle maker and a football club, but as i mentioned, 2021 was when we saw the company default on its debts, sending shockwaves across the global financial system and triggering a string of defaults from builders who owed money to evergrande or expected them to complete some contracts. we have seen 40% or the
artificial intelligence and other developing artificial intelligence like robotic and quantum computing are important for long term growth. a senior strategist gave us his highlights. i think that there are two things that really catch my attention. one is the government s emphasis on improving co ordination between governments, local governments and local governments and the central government. now, not many people talk about this. but i think this is quite important, because if this co ordination programme or plan is implemented effectively, it will go a long way to improve policy implementation in china. because very often, governments don t really talk to each other much, and that really slows down government implementations. this is very important for me. and the number two important thing is, as you mentioned earlier, that there s an emphasis on the development of ai tech development and so on. that goes a long way to underscore the policy framework that beijing wants t
we begin this morning in hawaii where authorities have increased the death toll caused by the wildfires there, at least 55 people now confirmed dead from the raging inferno that swept through the town of lahaina. the community there is just devastated from the loss. we are going to try our very best to identify those that have perished so that the families can have their closure and can have that understanding. when the mayor said it is all gone, it is all gone. it is all gone. it is gone. the governor estimated thursday that about 80% of the overall lahaina area was destroyed. county officials in maui say the fire there is mostly contained. the federal government also swinging into action with president biden issuing a disaster declaration for maui and parts of the big island. and sfeefema oig administrator traveling there today. and i want to bring in a woman who is safe but also separated from her family. her parent s home has burnedsis firefighter there. first of al
and quantum computing are important for long term growth. a senior strategist gave us his highlights. i think that there are two things that really catch my attention. one is the government s emphasis on improving co ordination between governments, local governments and local governments and the central government. now, not many people talk about this. but i think this is quite important, because if this co ordination programme or plan is implemented effectively, it will go a long way to improve policy implementation in china. because very often, governments don t really talk to each other much, and that really slows down government implementations. this is very important for me. and the number two important thing is, as you mentioned earlier, that there s an emphasis on the development of ai tech development and so on. that goes a long way to underscore the policy framework that beijing wants to implement to develop the economy into a hi tech industry, hi tech new economy. n