Find what you into that warranty wants to finish your studies. Now you have a significant from refrain. You can choose to go back or somewhere else. Currently, more people than ever on the world wide. In such a passion life. Yeah. Give me something that is common very, very sense. And yeah, can we learn more about or know when a story info, migraines, the chinese prophecy giant ever grand files for bankruptcy. Protection in the us is the latest sign of chinas economic flow down. We spoke with an expert in hong kong about what that means with china and the world. And chinese cars made in germany. Many automakers from china are considering opening production facilities in your biggest current making country. Welcome to the show tip on a 10000 alien chinese property giant f. A grand has filed for bankruptcy protection in the united states. The company which was once china is top Property Development developer, has been struggling with more than 300000000. 00 in liabilities since 2021. Eve
Business be on heres a closer look at the project. Our mission to analyze the flight for market dominance. This is where the heck with business beyond the chinese property, john and ever ground files for bankruptcy. Protection in the us is the latest sign of china is economic flow down. We spoke with an expert in hong kong about what that means for china and the world and chinese cars made in germany. Many automakers from china are considering opening production facilities in your biggest current making country. Welcome to the shelves to find it and value. Alien chinese property giant f. A grand has filed for bankruptcy protection in the united states. The company which was once china is top Property Development developer, has been struggling with more than 300000000. 00 in liabilities since 2021. Ever grants problems have come to symbolize. The rolling crisis in china is huge. Property sector, which accounts for a big chunk of the g d p, and the worlds 2nd biggest economy. Experts hav
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
Now that there is a pretty large turnout at this memorial. This afternoon we were actually able to talk with a witness of saturdays crash and he said that it looked like the suv was driving pretty quickly and did unfortunately leave a large stash. Of the vehicle first hit that wall and then skidded to right here where there used to be a bus bench and shelter. Unfortunately it hurled one of the children all the way over across lenox street where there is a second memorial site. Today we are learning a little bit more about the victims in this crash. Since the deadly crash people have been coming by the corner and adding items to this growing memorial made up of flowers, shoes, and a baby stroller. This is a busy bus stop and we saw quite a few people come by with their children and leave flowers as they pay their respect. According to the brazilian consulate, one of the victims is a brazilian citizen named diego but did not release the last name. It confirmed that the victims who died o
The like investors. I think this really shows that theres a power from brewing within the like the property sector in china. And more importantly, if you look at the curious as that we see right now, the major differences that eric run may be considered as a highly leverage player. And then its not uh, basically reco latest do not like it so much because of this the i left page. Alright, for if you look at country dot industrial managed to meet all the regulate tree requirement of the free red lines were supposed to be missed and the crypted, the ss um to some of the honey leverage fair. So now basically were in a scenario that we start to see from the good player as perceived by directly to begin to for there is indeed a stronger and stronger pressure in the property sector right now. So it does sound of course, so you make it sound like the real estate sector is in trouble in china. Will this bill over into the broad or economy . Well, i figured in get a, if you can see the, how big