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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 evergra ....
damages. in a related story, classified documents just turned up on ebay. carroll appeared on good morning america to talk about the plans for the money. i want to give the money to something donald trump hates. congratulations, eric. aw, that s sad. welcome to morning joe. it is tuesday, january 30th. that is a big day for me. i have a 28-year-old now. my daughter s birthday. happy birthday. i have a 28-year-old, wow. along with joe, willie, and me, we have the host of way too early, jonathan lemire. former white house director of communications to president obama, jennifer palmeri. she and claire mccaskill are hosts of how to win 2024. joe, just sit down. there he is. good to see you. you doing all right? good to see you. happy to be here. i m so glad you could be here. thank you. i want you to know, you re the most valued member of this team. i appreciate that. willie geist, so good to see you. thank you for being here. it s ....
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 ha ....
loud and dangerous but must be handled with care like when the leader of the free world gets confused by the biggest story of the year. reporter: to what extent has vladimir putin been weakened by recent events? it s hard to tell, but he s clearl-y losing the war in iraq. tom: sorry, mr. president, theer war isry in ukraine.t some stories are like cherry womans bombs, if you re not paying attention, they can snear up on you like this fisherman and this gator. [background sounds] [laughter] tom: and some are roman candles. they get your attention, but they don t pack a lot of power and then they fizzle out hiked this rhode island democrat who keyed a guy s car because heman claimed the man was threatening him. do you know what the threat was? he had a biden sucks bumper sticker.king he was blocking my way saying that i scratched his car, icr didn t scratch hisat car. i m a state senator, i d thinkf you d recognize me. what s the reason to key the car though, t ....
like shareholdings and some other subsidiary companies, those assets are very readily accessible. the issue is that most of the company s assets are onshore in mainland china, they are land, properties the company had 1,200 projects at different stages of development as of 2022. but those assets are going to be tricky to access. in theory, hong kong and mainland have a 2021 arrangement for resolving insolvent companies like evergrande, but in practice what needs to happen is mainland courts will need to recognise this liquidation, but they also need co operation from local governments. i think it will be very tricky. this is just one stage in what is likely to be still quite prolonged process if the off shore creditors wish to get hold of ultimately money which comes from mainland property assets. let s talk to hong bo, professor of financial economics in the school of finance and management at london s soas university. the chinese government is unlikely to allow ever ....