Bankruptcy protection in the us under chapter 15 which governs Foreign Companies in the us, protecting them from creditors that might want to sue them. You have probably heard of chapter 11. That typically governs American Companies but it is chapter 15. According to Court Filings these negotiations are ongoing in hong kong, canaanite and British Virgin islands. We have reached out to evergrande that have not had conversation. To those who have wondered if they have ever thought of evergrande before it is chinas huge property giant. They have about 1300 projects across 280 different cities in china and they invest in everything, not just property. They have an electric vehicle maker and a football club, but as i mentioned, 2021 was when we saw the Company Default on its debts, sending shockwaves across the Global Financial system and triggering a string of defaults from builders who owed money to evergrande or expected them to complete some contracts. We have seen 40 or the companies t
moment. we have talked about that they have hit deflation prices going down rather than “d prices going down rather than up which is unusual considering the rest of the economy. growth is down, traders down and the central bank having to interest rates. unexpected as the world s second largest economy struggles to get back after the pandemic. struggles to get back after the andemic. . ,, ., pandemic. katie silva in singapore. pandemic. katie silva in singapore, thank - pandemic. katie silva in singapore, thank you i pandemic. katie silva in l singapore, thank you very pandemic. katie silva in - singapore, thank you very much. we have been watching developments out of china. lots of disappointing economic data, not least the fact that they stopped reporting youth unemployment after it reached a record high injune of this year. let s talk about the market implications now. live now to mike coop, morningstar investment management s chief investment officerfor the emea region. thanks