seeinu economic recovery. we are seeing the economic recovery. we are seeing the stock-market . economic recovery. we are i seeing the stock-market rout seeing the stock market rout that has really gathered steam over the past couple of weeks is really a reflection of the fact that there is this unrelenting bearish sentiment when it comes to china in particular china s economy, so i don t think that curbing shortselling is really addressing the root cause of the problem that households, businesses, particularly in china, not feeling exuberant about the economic recovery, so this latest measure is really a band aid solution rather than finding an actual solution to the problem. es, finding an actual solution to the problem. finding an actual solution to the problem. a bit more about the problem. a bit more about the bigger the problem. a bit more about the bigger problem the problem. a bit more about the bigger problem at - the problem. a bit more about the bigger prob
its outstanding debt. of course, evergrande has more than $300 billion worth of liabilities, reportedly, and it has been trying to come up with this restructuring plan and the judge has been postponing the decision up until now. whether or not this process will be followed remains to be seen because i have been speaking to a pot of expert to say that despite the one country to system slogan there are some thorny jurisdiction system slogan there are some thornyjurisdiction issues. so, even though, if this report is concerned, the liquidator will be appointed by a hong kong court, whether or not beijing would then recognise those liquidators remains to be seen. having said that, the ruling is confirmed is really significant and it will send a shockwave through china s financial markets because for many decades the real estate sector has been a main driver of china s economic growth and also there have been many other developers which have been defaulting just like evergrande, a
the route that has really - the route that has really gathered steam over the past couple weeks, really a reflection of the fact that there is the unrelenting sentiment when it comes to challenge now chana. household businesses particularly in china and not feeling exuberant about the economic recovery. this latest measure is really a band aid solution rather than finding an actual solution to the problem. it s been more about the bigger problem. how deep into the problems 7 ? i think the property market is one that ? i think the property market is one that is ? i think the property market is one that is really ? i think the property market is one that is really front - ? i think the property market is one that is really front and | is one that is really front and centre, and what we see is that the correction in the market is manifesting in so many different areas of the economy, particularly private sector investments. we ve seen a rise investments. we ve seen a ri
liquidation of the company. it basically means its assets will be seized, sold off, in order to repay some of its outstanding debt. in terms of the company public day to day operation including building homes in mainland china, it will probably stay the same for now. this ruling doesn t send a through the chinese financial market because of course for many decades a real the real estate sector has been one of the major drivers for china s economy growth. whether or not this liquidation process will be followed remains to be seen because despite the one country, two systems slogan, many experts that i ve spoken to have said that there are some thornyjurisdiction issues some thornyjurisdiction issues so whether or not the liquidation there liquidator that will be appointed by hong kong court, whether or not that person will be recognised by mainland china remains to be seen. of course a lot of ordinary chinese citizens have been, have invested in evergrande, haven t had thei
andy, good to see you. rory mcelroy coming into the masters was one of the favourites and struggled and is not looking good for him on day two, is it? ., , not looking good for him on day two, isit? ., ,, is it? no, gavin, it s been something is it? no, gavin, it s been something of is it? no, gavin, it s been something of a is it? no, gavin, it s been something of a nightmare is it? no, gavin, it s been . something of a nightmare for is it? no, gavin, it s been - something of a nightmare for rory mcelroy in round two. yesterday s run was not devastated with par. but today has been far worse. he is currently 5 over par with error after error in this round what that means he is now 17 shots behind leader brooks koepka and unless he does something really special over the closing holes in this round he was struggled to make the cut and be here for the weekend. as you say, that would be so disappointing for rory mcelroy. he came into this with high hopes of winning the on