Always a pleasure to see you. This is a company that almost collapsed two years ago. Why is it filing for bankruptcy in the United States . I think it is a legal move. The Debt Restructuring Talks were already going on with hong kong, cayman islands, word has holding companies. The advantage for evergrande to file for bankruptcy in america is a gives it some protection against us creditors for the duration of that Court Process. I5 creditors for the duration of that Court Process Court Process. Is there a lot of exoosure Court Process. Is there a lot of exoosure for Court Process. Is there a lot of exposure for foreign Court Process. Is there a lot of. Exposure for Foreign Companies Court Process. Is there a lot of exposure for Foreign Companies here . I think there is a certain amount of exposure. There are enormous amounts of debts, large amounts of the offshore bonds have lost their value and i believe many of the less risk taking investors already sold their offshore bonds a couple
very different choice. it doesn t want to go down the old route which led to a massive debt hangover, it led to a massive debt hangover, it led to a massive debt hangover, it led to investment in bad assets and the likes of evergrande being encouraged to carry on its very risky behaviour of more debt and bad investment. this time around they are trying to steer a path of getting a stimulus to stabilise things, but not enough to go down the massive debt hangover. what things, but not enough to go down the massive debt hangover. what is wron: with the massive debt hangover. what is wrong with the the massive debt hangover. what is wrong with the chinese the massive debt hangover. what is wrong with the chinese property - wrong with the chinese property market? it wrong with the chinese property market? ., , ., , , wrong with the chinese property market? ., , , ., market? it obviously got hit with the pandemic. market? it obviously got hit with the pandemic. people market? it obvi