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BBCNEWS Asia July 4, 2024

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 in 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 and even sometimes having to squat in those buildings because they cannot afford to pay the rent and pay their mortgage on these properties. What can china do to try to boost this up . Somehow the key to this issue right now is to complete Unfinished Projects because this will at least keep some of the financing flowing. As you mentioned, many, many projects are presold and the households that buy those properties, they make Mortgage Payments even i ....

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BBCNEWS Asia July 4, 2024

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 in 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 of this debt. We have seen pictures of unfinished buildings, families and even sometimes having to squat in those buildings because they cannot afford to pay the rent and pay their mortgage on these properties. What can china do to try to boost this up . Somehow the key to this issue right now is to complete Unfinished Projects because this will at least keep some of the financing flowing. As you mentioned, the many, many projects are presold and the households that buy those properties they make Mortgage Payments even if they are not able to take deli ....

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BBCNEWS World July 4, 2024

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 o ....

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BBCNEWS World July 4, 2024

Bankruptcy protection in the us under chapter 15 which governs Foreign Companies in the us, protecting them from creditors that might want to sue them. You have probably heard of chapter 11. That typically governs American Companies but it is chapter 15. According to Court Filings these negotiations are ongoing in hong kong, canaanite and British Virgin islands. We have reached out to evergrande that have not had conversation. To those who have wondered if they have ever thought of evergrande before it is chinas huge property giant. They have about 1300 projects across 280 different cities in china and they invest in everything, not just property. They have an electric vehicle maker and a football club, but as i mentioned, 2021 was when we saw the
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BBCNEWS BBC July 4, 2024

Mexican and colombian cartels have infiltrated local gangs as they vie for lucrative drugs routes. Ecuador was hit hard by covid and theyve taken advantage of a country broken by a pandemic and by corrupt politics. The police are at pains to show me theyre fixing the problem, but when theyre having to protect themselves with sandbags in the police station, you realise this is a war without end. This used to be one of the main routes for traffickers. People would come up here with Stolen Phones and jewellery and exchange those goods for drugs up here, but the police have taken back this area. That said, the police have lost so much more control of the city of guayaquil. The bars on all the windows in this neighbourhood tell you all you need to know about the lack of security here. Angie fears for her four children. The police are powerless, she says. Just two weeks ago her neighbour was shot dead outside his daughters school. Transl ....

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