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BBCNEWS Asia July 5, 2024



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 ....

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BBCNEWS Asia July 5, 2024



the route that has really - the route that has really gathered steam over the past couple weeks, really a reflection of the fact that there is the unrelenting sentiment when it comes to challenge now chana. household businesses particularly in china and not feeling exuberant about the economic recovery. this latest measure is really a band aid solution rather than finding an actual solution to the problem. it s been more about the bigger problem. how deep into the problems 7 ? i think the property market is one that ? i think the property market is one that is ? i think the property market is one that is really ? i think the property market is one that is really front - ? i think the property market is one that is really front and | is one that is really front and centre, and what we see is that the correction in the market is manifesting in so many different areas of the economy, particularly private sector investments. we ve seen a rise investments. we ve see ....

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BBCNEWS The July 5, 2024

and i am convinced in the right moment because the club meets time to plan the future while we are solving the present. their first theirfirst game their first game following the announcement will be on sunday, continuing, five premier league teams are attempting to make the last 16. two of them are meeting in north london. spurs against manchester city, one of the blockbuster ties of the weekend. so far, goalless at the stadium. it has beenjust one goal far, goalless at the stadium. it has been just one goal in the game and the second tier, victor with the first goal of the night. aston villa thought they got ahead of chelsea but their goal was disallowed because of a handball. goal is between bristol city and nottingham forest. goaless between bristol city and nottingham forest. klopp s unexpected announcement caught everyone by surprise. over at melbourne park there was another shock as 10 time champion novak djokovic was knocked out of the australian open. he lost in fo ....

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BBCNEWS Asia July 5, 2024



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 ....

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BBCNEWS Verified July 5, 2024



enormous, and as a colleague, it s been incredible last eight plus years, and as a supporter, is a fan, it s been equally so. so we hope that that continues. as he said, we ve got targets ahead of us and thatis we ve got targets ahead of us and that is where our focus will be. indistinct question i think he will want to comment as well, but i think from an overall perspective, the decision that was taken at the time, number one, i think for pep and vito will want to get going in their managerial careers, and that s something that. you know, we understood as well. and obviously, if they re not going to say, they will go with our support, and anything we can possibly do to help their career going forward, we will of course do. and as i said, the team that he has built is an incredibly strong one but there is also a huge team around that group, as well, that will be here to help in terms of that experience level as well. i will take the break, experience level as well. i ....

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