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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 World July 4, 2024

Rather than russias. Now, if the proposed strikes take place, then europe could face an energy crisis. The International Energy agency has revealed that lng now makes up 35 of europes Energy Supplies not far off the 40 contribution that russia made, before it was sanctioned over ukraine. Nitesh shah is head of commodities and Macroeconomic Research at wisdomtree europe. Thank you forjoining us here on the programme. We are waiting obviously to hear the outcome of whether these strikes take place or not but the fallout could well be significant . Yes, the relative calm in the Global National gas market has been broken by this threat of strikes in australia and its largely because europe has become much more reliant on
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BBCNEWS Verified July 5, 2024

we produce food for the people and we take care of the nature, so we deserved to be treated with decency. yet because of free trade agreement and market deregulation, the prices we are being paid for products is being lower and lower, while our cost of production are increasing. so it is not ok any more, we want fair revenues, and for this we need to stop agreements and we need market regulation and minimum pricing. well let s talk now to sylvain chabe ferret, who is head of the environmental economics group at the toulouse school of economics. farmers feel strongly what kind of impact is this having on french economy and prices in the shops? well, thanks so much for having me. i am not sure we are still having a lot of impacts for now, but what i would like to do is maybe take a step back to understand why this is happening now, and why it is happening now, and why it is happening in general, if you allow me. {iii happening in general, if you allow me. u, , happening in ge ....

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BBCNEWS World July 5, 2024



extreme measures, from the pictures we have been seeing, talk us through. we have been seeing, talk us throu~h. ~ ., we have been seeing, talk us throu~h. ~ . , ., , we have been seeing, talk us throu~h. . , , , through. we are protesting because we want a fair through. we are protesting because we want a fair revenue. through. we are protesting because we want a fair revenue. we - through. we are protesting because we want a fair revenue. we produce food for the people and we take care of the nature, so we deserved to be treated with decency. of the nature, so we deserved to be treated with decency. yet of the nature, so we deserved to be treated with decency. yet because of the nature, so we deserved to be treated with decency. yet because of free trade agreement and market deregulation, the prices we are being paid for products is being lower and lower, while our cost of production are increasing. so it is not ok any more, we want fair revenues, and for this we n ....

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BBCNEWS World July 5, 2024



like shareholdings and some other subsidiary companies, those assets are very readily accessible. the issue is that most of the company s assets are onshore in mainland china, they are land, properties the company had 1,200 projects at different stages of development as of 2022. but those assets are going to be tricky to access. in theory, hong kong and mainland have a 2021 arrangement for resolving insolvent companies like evergrande, but in practice what needs to happen is mainland courts will need to recognise this liquidation, but they also need co operation from local governments. i think it will be very tricky. this is just one stage in what is likely to be still quite prolonged process if the off shore creditors wish to get hold of ultimately money which comes from mainland property assets. let s talk to hong bo, professor of financial economics in the school of finance and management at london s soas university. the chinese government is unlikely to allow ever ....

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