Serious consequence in terms of the pricing of Country Garden debt but notjust for the company butjust for the sector in general and could create another round of market turbulence. Which we have seen already. I would say that the key thing here is chinas real estate problem is in the crux of other problems currently facing. We have seen rivals defaulting. How significant if Country Garden was to default . Country carden garden was to default . Country garden involves garden was to default . Country garden involves at garden was to default . Country garden involves at least garden was to default . Country garden involves at least 3000 l garden involves at least 3000 existing Housing Projects and a lot of them are in inaudible whereas for Country Garden, they have a lot more. On a brighter note, i would say that perhaps Country Garden seems to be less complicated in terms of structure than ever grand so there is a key risk to worry about but maybe there are also things like the structur
Of the pricing of Country Garden debt but notjust for the company but for the sector in general and could create another round of market turbulence. Which we have seen in the past few months already. I would say that the key thing here is chinas real estate problem is in the crux of many other problems china is currently facing. Speaking of china, us commerce secretary Gina Raimondo has warned china in interviews on us tv over the weekend that the patience of American Business is wearing thin. The secretary, who was in china last week, said us companies deserve a predictable environment and a level playing field. She commented on chinas economic slowdown, saying the worlds second biggest economy did better when it was more transparent and market oriented. Us retailer walmart has increased its stake in its indian flip card by putting in an additional 3. 5 billion us dollars into the company. Can you just talk us through the details of this latest development . Details of this latest dev
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