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Transcripts For BBCNEWS Asia 20240705

seeinu economic recovery. we are seeing the economic recovery. we are seeing the stock-market . economic recovery. we are i seeing the stock-market rout seeing the stock market rout that has really gathered steam over the past couple of weeks is really a reflection of the fact that there is this unrelenting bearish sentiment when it comes to china in particular china s economy, so i don t think that curbing shortselling is really addressing the root cause of the problem that households, businesses, particularly in china, not feeling exuberant about the economic recovery, so this latest measure is really a band aid solution rather than finding an actual solution to the problem. es, finding an actual solution to the problem. finding an actual solution to the problem. a bit more about the problem. a bit more about the bigger the problem. a bit more about the bigger problem the problem. a bit more about the bigger problem at - the problem. a bit more about the bigger prob

Transcripts For BBCNEWS Asia 20240705

its outstanding debt. of course, evergrande has more than $300 billion worth of liabilities, reportedly, and it has been trying to come up with this restructuring plan and the judge has been postponing the decision up until now. whether or not this process will be followed remains to be seen because i have been speaking to a pot of expert to say that despite the one country to system slogan there are some thorny jurisdiction system slogan there are some thornyjurisdiction issues. so, even though, if this report is concerned, the liquidator will be appointed by a hong kong court, whether or not beijing would then recognise those liquidators remains to be seen. having said that, the ruling is confirmed is really significant and it will send a shockwave through china s financial markets because for many decades the real estate sector has been a main driver of china s economic growth and also there have been many other developers which have been defaulting just like evergrande, a

Transcripts For BBCNEWS Asia 20240705

liquidation of the company. it basically means its assets will be seized, sold off, in order to repay some of its outstanding debt. in terms of the company public day to day operation including building homes in mainland china, it will probably stay the same for now. this ruling doesn t send a through the chinese financial market because of course for many decades a real the real estate sector has been one of the major drivers for china s economy growth. whether or not this liquidation process will be followed remains to be seen because despite the one country, two systems slogan, many experts that i ve spoken to have said that there are some thornyjurisdiction issues some thornyjurisdiction issues so whether or not the liquidation there liquidator that will be appointed by hong kong court, whether or not that person will be recognised by mainland china remains to be seen. of course a lot of ordinary chinese citizens have been, have invested in evergrande, haven t had thei

Transcripts For CNN New Day Weekend 20240707

crippled by a mass explosion. what that could mean for putin s next move and strategy. with less than a month to go for election day, we ll tell you who is hitting the campaign trail and look at some key races to watch. and nearly two weeks after hurricane ian ripped through florida, residents from fort myers beach will finally being allowed to go back to home. and what does it mean for companies getting ready for hire for the holidays. happy sunday, everyone. it is october 9th. thank you so much for waking up with us. hello, boris. good morning, amara. good to be with you. your first full weekend as the official new anchor of new day. it s been wonderful. thank you for making me feel so welcomed, boris. we begin with a deadly rocket attack in ukraine. and dozens more were killed in zaporizhzhia last night. authorities actually revised the death toll down. earlier they said 17 had been killed. ukraine s air force says the city was hit by six russian cruise mis

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