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
the route that has really - the route that has really gathered steam over the past couple weeks, really a reflection of the fact that there is the unrelenting sentiment when it comes to challenge now chana. household businesses particularly in china and not feeling exuberant about the economic recovery. this latest measure is really a band aid solution rather than finding an actual solution to the problem. it s been more about the bigger problem. how deep into the problems 7 ? i think the property market is one that ? i think the property market is one that is ? i think the property market is one that is really ? i think the property market is one that is really front - ? i think the property market is one that is really front and | is one that is really front and centre, and what we see is that the correction in the market is manifesting in so many different areas of the economy, particularly private sector investments. we ve seen a rise investments. we ve seen a ri
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
the authorities have also banned the sale of fireworks, which have been used to attack police and said police can use armoured vehicles against rioters. the third night and the worst night of rioting left buildings, including libraries and schools burnt shops looted. nearly 900 people were arrested 250 police were injured. the teenager, named as nahel m, was shot during a traffic stop. the policeman has been charged with voluntary homicide he s apologised to the teenager s family. our correspondent sofia bettiza reports from paris. for the third night in a row, riots spread across france. protesters threw fireworks and projectiles at the police, and set cars and buildings on fire. this is in bordeaux. lille. marseille. the government has deployed an extra 40,000 police officers, including elite police units. but as anger grows in france, so does the scale of the unrest. for the first time, several shops were looted. this tobacco shop was destroyed, and most things insid
of republican presidents and even obama several years before him, so a push for more government intervention in the economy, more government funding to go to things like manufacturing, education and health care, and that stands in sharp contrast between what obama and trumpeted before him, where they were kind of pushing through really big tax cuts. i think in terms of how we are doing economically, we are leading the g7 in terms of our post pandemic recovery, and a strong economy is the syllabus in decatur for how an election will come out, with an incoming president, so because there is a strong economy, it looks, looking at past elections, it looks, looking at past elections, it seems likely that biden will win the election if we are going on the past elections, but i m not sure that sincerely translated into popularity in the polls. you mention 49%. that is on the higher end. he has also been hovering in the low 405, in terms of approval rating, and he should just be doin