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
in terms of asset prices and people s wealth, means that it is imperative to prevent this escalating, and so a longer, slower work out as i say with possibly a more japanese style rather than a us style treatment and it could go on for quite some time and there will be heavy intervention all along the way. will be heavy intervention all along the way. thank you very much for along the way. thank you very much for that along the way. thank you very much for that analysis. - us presidentjoe biden is hosting the leaders from south korea and japan at camp david. this will be biden s first meeting of foreign dignitaries at the historic site since coming to power, as well as the first official meeting between the three leaders. holding the talks at camp david is very symbolic, and it is a way of showing how important the us government treats these talks. the discussions between the us, japanese prime minister fumio kishida and south korean president yoon suk yeol are expected to focus