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 Company Default on its debts, sending shockwaves across the Global Financial system and triggering a string of defaults from builders who owed money to evergrande or expected them to complete some contracts. We have seen 40 or the companies t
You know, an iphone sold in the us or europe might be designed in california and built in india using Semiconductors Made in taiwan from Raw Materials provided by china. So if any link in that supply chain breaks, it sets up big problems for the rest of the chain. And thats true for smartphones, as it is for pcs, and especially in Battery Production for those Electric Vehicles were buying more and more of. So what if one country decides to make it harderfor others to get hold of some of those critical Raw Materials . Well, thats what china announced just last month. Translation the Chinese Government implements i Export Controls on gallium and germanium related items in accordance with the law to ensure that they are used for legitimate purposes in order to safeguard National Security and better fulfil our international obligations. For quite some time now, the us side has been abusing Export Control measures to continuously strengthen its crackdown on chinas semiconductors and artific
to continuously strengthen its crackdown on china s semiconductors and artificially segregate the global semiconductor market. it is damaging global free trade, ignoring international economic and trade rules, and trampling on the principle of fair competition. those restrictions came into play from the 1st of august, and it doesn t look like a tit for tat response to the us stopping china from snapping up advanced american microprocessors. it s all part of the so called chip wars , but both japan and the netherlands have done the same. well, for his part, president biden wants to limit china s ability to develop new weapons and spy tools. now i ve mentioned gallium and germanium, but there s also a rush by countries to get their hands on 17 so called rare earth elements. now, despite the name, they re quite abundant, but they re concentrated in a handful of countries. and they re also a fast growing need for other minerals, such as copper, cobalt, nickel and lithium. and global deman
fair, a fair marketplace, yet online or in store. the beauty will always come with retail, working harmoniously together so the consumer gets a conjoined offer.- so the consumer gets a conjoined offer. so the consumer gets a con oined offer. ., ~ , ., , conjoined offer. thank you very much forjoining conjoined offer. thank you very much forjoining us conjoined offer. thank you very much forjoining us today. - much forjoining us today. thank you. earlier this month china curbed the exports of gallium and germanium two rare earth minerals widely used in our smartphones and many other devices, including high tech weaponry. the move was seen as a tit for tat response to the us stopping china from snapping up advanced american microprocessors. global demand for critical minerals is expected to double by 2030, with growing demand from electric vehicles, along with wind and solar farms. this week, my colleague aaron heselhurst spoke to the person in the us government whosejob it is to s