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
Consequence in terms of the pricing of Country Gardens debt. Notjust for the company debt. Not just for the company but for the debt. Notjust for the company but for the sector in general. It could create yet another market turbulence, which we have seen in the past few months already. Now, i would say the key thing here is chinas problem like many other problems. Inaudible. Speaking of china, the us Commerce Secretary 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 deserved 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. One of chinas main trading partners, australia, will be releasing its latest trade figures this week along with retail sales and growth figures. Also the monthly rate review by the Reserve Bank Of
The ilo is speaking there. Lets try to put that into context now. Commercial Sexual Exploitation is a murky issue, with many countries having no publicly available database for the illegal activity. Kenya is one such nation it has been identified by the Us State Department as both a source, a transit country, and a destination for the crime. One recent study estimated that more than 2,400 children between the ages of 13 and 17 were currently subject to Sexual Exploitation in two regions bordering the port city of mombasa. This week on bbc news, were bringing you a special series on the impact of the Cost Of Living crisis on children around the world. Our first report comes from our state Department Correspondent Barbara Plett usher and we should warn you, you may find some of the details distressing. In mombasa, life is hard for those on the margins, but tough Economic Times are making it even harder, forcing some parents to take painful decisions. This mother washes clothes a few time
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
Is a pretty crucial question at the heart of this which is was the government taking concerns about this concrete seriously enough . And what we found out this morning which i think will be really tricky for the government is that ministers were told some years ago that more money was needed to deal with some of these building defects. Considerable increases in can in funding was needed, in fact the opposite happened and funding was reduced and rishi sunak was the chancellor at the time so undoubtedly Prime Minister will be asked whether he took these very seriously enough, whether one of the problem is that is now being faced is that there was not enough funding in the first place. I suppose there is a broader political question at this going to be asked which is has the government Austerity Drive which of course was quite a long time ago now but also some of the ramifications of that, the of that, how is that i had an impact as well . There will be many Opposition Politicians who qui