prematurely allowed the company to go trade, i think that just you know, it just says a lot about the fact that the chinese may have got their heads in the sand. so, david, what do you think will happen now? i mean, is a bailout likely? is that the way china operates with these things? you know, i mean, iworked at the imf for many years, and i can tell you that typically countries basically bite the bullet and undertake real reforms when there is a crisis. i m talking about crises like literally the sky is falling down. we re talking about like for example in britain in during the erm crisis where the sterling was collapsing, rates were going through the roof, the stock market is in freefall. that s when governments do the right thing like an asian crisis. now the question is, will china bite the bullet without basically living through such a crisis? this has been one of the deadliest periods in years for palestinians and israelis in the occupied west bank. there have been near nightly
like an increasing number of women and girls in afghanistan are deciding that under these circumstances, they re choosing not to live? to china now where the financial problems continues for embattled real estate developer evergrande. its share price plunged by 80% after it announced losses of $4.5 billion dollars and delayed a meeting with creditors. that was actually an improvement on its previous year s losse, but it s still a real sign of the depth of the property crisis threatening the world s second largest economy. the firm has admitted that it could collapse which comes as no surprise to former imf economist david woo. i think that this is a disaster, a total disaster. i think what happened today tells us a lot more about how beijing, the policymakers in china, are actually handling this crisis, this disaster. remember, this company had already