Always a pleasure to see you. This is a company that almost collapsed two years ago. Why is it filing for bankruptcy in the United States . I think it is a legal move. The Debt Restructuring Talks were already going on with hong kong, cayman islands, word has holding companies. The advantage for evergrande to file for bankruptcy in america is a gives it some protection against us creditors for the duration of that Court Process. I5 creditors for the duration of that Court Process Court Process. Is there a lot of exoosure Court Process. Is there a lot of exoosure for Court Process. Is there a lot of exposure for foreign Court Process. Is there a lot of. Exposure for Foreign Companies Court Process. Is there a lot of exposure for Foreign Companies here . I think there is a certain amount of exposure. There are enormous amounts of debts, large amounts of the offshore bonds have lost their value and i believe many of the less risk taking investors already sold their offshore bonds a couple
particular nature of chinese purchasing, which is perpetrates purchase sets of property are done well before those projects are completed. that leads to all sorts of problems, financial, social and economic. ., of problems, financial, social and economic- of problems, financial, social and economic. . ., ., , ~ it s britain, and you can blame it on the rain. uk retailers faced a wash out injuly as heavy rain put off shoppers, leaving many high streets deserted. it s not just rain. the country s hard pressed retailers faced a double whammy of dismal weather and ever higher interest rates. official data showed sales volumes last month were 1.2% lower than in june. so what can we read into all of this. let s find out. simon walton is a retail consultant and hejoins me now. simon, good to see you. i m an aussie, i have been here for 20