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
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 if they are not able to take delivery of the product but as construction has come to a halt, they stop making those and that means no income accruing to the property dev
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 delivery of the product but as construction has come to a halt, they stop making those and that means no income acc
great to be back inhe everybody. 4:00 o clock on a tuesday morning and we are looking live on the schuylkillpen. we are good to go. lights atop city sky line all still, lit up in i think they he figure it out they cannot turn their lights green so they turned the big comcast tower typically whiteys just dark this morning, andng the other gs look better downtown when you come in this morning. boat in green. so we are good to go there and already my clicker not worki mon we will try another one hold wee 42 freeway, there and we will ad we will come back in a couple minutes, karen and thomas, back to you. breaking news out of oxford circle area there wise man stru crossing the street. lets get out to lauren johnson with what we know at this hour . reporter: hi there, good morning, karen. police need to figure out who this life at the intersection of the roosevelt boulevard, and large street,et from this accide 20 s and 30 last night where s police say was walking when she was
feels like 22. 7:04 is our sunrise time, they are starting to get kind of early for most of us that is a good thing and days get longer we have snow flurry activity up in the pocono mountains just where we want our snow on a winter morning, it feels like, the temperatures that it is in most places and that is 30 in philadelphia, 27 in wilmington and 24 degrees in reading. plan on a high of 42 degrees, we will see mostly cloudy skies, it will be a few spots of sunshine, sunset at 5:26 and then we will get ready for a parade. we will have a challenging rush hour tomorrow morning with a mixed bag of precipitation. that is enjoy the bookends we will call it today and thursday but tuesday we will all go to work this morning after a late start yesterday. we have some problems on septa chestnut hill west regional rail line services suspended this morning because of amtrak wire problems. so we will see how this develops throughout the morning, again just that one lane suspended bec