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Transcripts For BBCNEWS Asia 20240703

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

Transcripts For BBCNEWS Asia 20240703

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

Transcripts For BBCNEWS Asia 20240703

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

Transcripts For BBCNEWS World 20240703

Programme. What are you hoping to achieve at this summit . First of all, good morning. Hi from jakarta. This is where we are having our Asean Business Investment Summit filter what we intend to do here is not only compete, but to collaborate. This is how the sectors are investing time, that we Work Together and create complementary values. More importantly, what we bring in is what we call the asean inc operator, Whereby The Public and private partnership is the key importance, where we should be driving asean together and the focuses economy because the end of the day what we want to establish is actually prosperity for our people. And that is the goal. Creating prosperity for our people. Creating prosperity for our eo le. Creating prosperity for our. Eo. Le,. , creating prosperity for our eole. ,. , people. Ok. So myanmar is a art of people. Ok. So myanmar is a part of asean. People. Ok. So myanmar is a part of asean. How people. Ok. So myanmar is a part of asean. How do people. Ok.

Transcripts For BBCNEWS World 20240703

Room with western leaders talking about that. And today at a press Conference Ahead of those discussions between president erdogan and putin, the two of them in front of the cameras laughing and smiling before they sat down to sort of lay out the agenda for the day. So certainly president erdogan will be hoping he can come to some sort of an agreement, some sort of breakthrough, some sort of way to get russia back on board with renewing this grain deal because as we have seen, it has been crucial to the Global Community to getting food where it needs to go, for providing security for farmers across ukraine, that there are buyers out there that can get the crops they need. That their Storage Facilities have room for the new crop coming in, it is how the season now, so a lot of questions about what will happen. The two sides seem fairly optimistic, the turkish side seems optimistic, the turkish side seems optimistic they can come home for a with the deal. Global Food Security is one the

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