and restructuring this debt amongst the major property developers in china as they work this out to pull through the us legal system and, of course in china as well. i think what it means also is that amongst all of the various imbalances in the economy and china right now, the property sector might be the weight on the economy that lasts the longest, simply because it is going to be such a slow slog in terms of restructuring this debt. we have seen pictures of unfinished buildings families even sometimes having to squat in those buildings because they can t afford to pay the rent and pay their mortgage on these properties. so what can china do to try to boost this up? well, you know, the key to this issue right now is to complete unfinished projects, because this will at least keep some of the finance flowing. as you mentioned, many, many projects are presold, and the households that buy those properties, they make mortgage payments, even if they are not able to take deliver
we are coming on the air with breaking news on today s top story. for the first time, we will see secretary of state tony blinken on camera. you re looking at it live on the left side of your screen there. potentially reacting to that suspected chinese spy balloon, flying over u.s. airspace. also this hour, you ve got president biden in philadelphia after a better than expected jobs report. we re juggling all of it live here in the next 60 minutes on msnbc. i m hallie jackson in washington. i want to bring in one of our chief white house correspondents, foreign correspondent janis mackey frayer is live in beijing, and gary locke, former u.s. ambassador to china. let s take a beat. lay out what we know so far about this chinese apparent supply balloon mystery situation. we are about to hear from the secretary of state for the first time on camera since he postponed his trip to beijing earlier today. the pentagon says they are still tracking this balloon. they also say it is no
Nurturing the available talent, policy interventions, infusing public private partnership models and curating multilateral joint ventures (JVs) in this space could accrue rich dividends to India in future- strategically, economically and technologically. As high-end technologies take shape, the rare earth elements (REE) and critical minerals will be uniquely indispensable.
Critical Mineral Play: India's PSUs unite to acquire resources globally thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.