to the conclusion like this government doesn t know what it s doing. yeah. because i mean, i suppose evergrande in many ways is at the center of the sort of real estate crisis in china, but it does tell us a bigger picture of what s going on. i mean, it s the largest real estate developer in the world. it s sitting on $380 billion worth of debt. and yet it s just one of many companies in china. developers are struggling. you re talking about the most overvalued housing market in the world. and by far, you re talking about an economy that s heavily leveraged. i mean, evergrande isjust the tip of the iceberg. the problem is massive. the fact that, again, that evergrande should have been a relatively straightforward case for restructuring and they have 18 months to deal with this to show. so that they were successful to inspire confidence that china is coming back. you know what? the fact that they squandered this opportunity today and basically
China s stock market was plunging and its currency was teetering. The head of the central bank, fielding questions at a rare news conference, said China would make it easier to get home mortgages. It was February 2016 and Zhou Xiaochuan, the central bank s longtime governor at the time, announced what proved to be the start of an extraordinary blitz of lending by China s immense banking system.
property giant evergrande has filed for bankruptcy protection in the us, in china deepens. as the real estate crisis in china deepens. it will allow the heavily indebted company to protect its assets in the us as it works on a multibillion dollar deal with creditors. evergrande defaulted on its huge debts in 2021, which sent shockwaves through global financial markets. a brazilian hacker has told a congressional inquiry that he was hired by brazil s former president, jair bolsonaro, to try to prove that electronic ballots were vulnerable to fraud, ahead of last year s election. walter delgatti told the inquiry he was paid $8,000 by someone close to mr bolsonaro. he said he wasn t able to hack the ballots. british talk show legend michael parkinson has died at the age of 88. over a seven decade career, he interviewed the biggest names in the world, including muhammad ali, sir eltonjohn