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Transcripts For BBCNEWS Asia 20240705

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

Transcripts For BBCNEWS BBC 20240705

but there have been strikes since october the 7th, and this has still happened, as barbara starrjust said, it hasn t acted as a deterrent. so couldn t you argue, as republicans do in congress right now, that this strategy of containment and the approach that biden administration is taking towards iran is failing? i m not sure necessarily that as far as containment or as far as even deterrence. these are still very subjective words. it s hard to measure. it s hard to know where these lines are drawn. but i do think something suggesting a strike inside of iran, that would definitely be escalatory. and given the greater context of what is happening on the lebanese border with israel, what is happening in the red sea, what s also happening elsewhere in the region, that would be quite escalatory, and so i think there is a balancing act that has to take place. and that even outside of this there are other strategic priorities that the us has to address as well, going on with ukrain

Transcripts For BBCNEWS Asia 20240705

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

Transcripts For BBCNEWS World 20240705

this. is this what you were expecting? this. is this what you were meeting? this. is this what you were exectinu ? ~ , expecting? well, it did seem like the company expecting? well, it did seem like the company was - expecting? well, it did seem| like the company was coming expecting? well, it did seem i like the company was coming to the end of its road. it has been 1.5 years. the chairman was placed under investigation by mainland law enforcement authorities so it did look like the company was really struggling to come up with any kind of thing acceptable to the creditors. ., ~ , kind of thing acceptable to the creditors. . ~ , ., ., creditors. talk us through what ha ens creditors. talk us through what happens nova creditors. talk us through what happens now. for creditors. talk us through what happens now. for those - creditors. talk us through what happens now. for those that i creditors. talk us through what. happens now. for those that are owed a lot of money, wh

Postal exhibition in Bengaluru reflects on caste-based communities in modern India