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
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
here it sure seems he s caught in a hot mess. today nauta finally pleaded not guilty. for weeks now mr. nauta has been delaying this arraignment claiming he s had trouble finding local florida representation. and today, well, we learn he has found that representation. now, we don t know for sure who s paying for mr. nauta s new local counsel, but the other lawyer, the non-local counsel mr. nauta has had for a while and by the way was in court today and enter a plea was attorney brand woodward. and we know the law firm is being paid by president trump s political action committee, save america. that little tidbit matters because if the past is prologue here, then the lawyers who pays for the lawyers can make a world of a difference when it comes to actually getting at the truth. i was in the vicinity of a conversation where i heard the president say something to the effect of they re not here to hurt me, takes the f-ing mags away. remember cassidy hutchinson? she was a for
producer of them both. from next month, exporting these metals will require a licence, as michelle fleury explains. welcome to world business report, i m ben thompson. us treasury secretary janet yellen is headed to beijing and hers is the second trip by a cabinet official to china since ties between the world s two top economies deteriorated earlier this year. her goal is to steady the relationship, but she s got her work cut out for her. ahead of her visit, beijing said it was imposing export controls on two rare metals essential for making semiconductors. the measures are seen as a tit for tat response after the us, the netherlands and japan recently restricted chip exports to china. some say the move is aimed at giving china more leverage in future trade discussions. gallium and germanium, the two metals in question, will be subject to export controls starting august 1st. in a statement, china s ministry of commerce said it was to protect national security interests. ch
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