On China
| Use attributes for filter ! | |
| Originally published | 2011 |
|---|---|
| Authors | Henry Kissinger |
| ISBN | 9781594202711 |
| Cast | Kristie Lu Stout |
| Episodes | EpisodesS06 E01 · The HandoverJun 29, 2017 S05 E08 · China's MilitarySep 28, 2016 S05 E07 · FoodAug 24, 2016 View 35+ more |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1481765 |
About On China
With world attention on China, each month Kristie Lu Stout is joined by experts from within China's borders for a discussion on what's really driving this world power.
Solar panels used by British Army linked to claims of forced labour in China
... Even companies who are buying polysilicon from the US and Europe are reliant On China...
Four things we learned from the Biden-Xi meeting
... " It s small but important steps on climate change, " said Bernice Lee, an expert On China and a fellow at Chatham House, a UK think tank...
China's 'communist spies' in the dock in Taiwan
... And Washington too has been increasing its intelligence gathering On China...
Australia and China eye new ways to heal old wounds
... And when he sits down with Chinese President Xi Jinping, " the Americans will be watching for any signs that could point to a softening Australian stance On China, a concern that has started to take hold again in Washington" Ms Collinson says...
Britishvolt aims to supply batteries to Australian military
... Supporters also say the project would demonstrate a way to reduce dependence On China for minerals critical to battery production, as Australia has abundant supplies and would be in keeping with the recent AUKUS (Australia UK US) trilateral security pact...
What China's economic problems mean for the world
... Speaking earlier this month, Republican Congressman Mike Gallagher - chair of the US House Select Committee On China - said problems at home were making China s leader Xi Jinping " less predictable" and could lead him to " do something very stupid" with regards to Taiwan...
Evergrande: Why should I care if China property giant collapses?
... The third is the potential impact On China s financial system: If Evergrande defaults, banks and other lenders may be forced to lend less...
The shadowy Chinese firm that owns chunks of Cambodia
... This has a very bad effect On China s image...
Evergrande: Why should I care if China property giant collapses?
A crisis at The World 's most indebted company has worsened after reports that its chairman has been placed under police surveillance.
It Follows earlier reports that other current and former executives at Chinese property giant Evergrande had also been detained.
Evergrande suspended the trading of its shares in Hong Kong on Thursday.
It marks another low for The Firm which after missing a crucial repayment deadline, triggering China's current Real Estate market crisis.
What does Evergrande do?Businessman Hui Ka Yan founded Evergrande, formerly known as the Hengda Group, in 1996 in Guangzhou, southern China.
Evergrande Real Estate currently owns More Than 1,300 projects in More Than 280 cities Across China .
The broader Evergrande Group now encompasses far More Than just Real Estate development.
Its businesses range from wealth management to making electric cars and food and drink manufacturing. It even owns one of the country's biggest football teams, Guangzhou FC.
Mr Hui was once Asia's richest person worth an estimated $36. 2bn in 2019, according to Forbes. But his wealth has plummeted since then, with his personal fortune now (£2. 6bn).
Why is Evergrande in trouble?Evergrande expanded aggressively to become one of China's biggest companies by borrowing More Than $300bn.
In 2020, Beijing brought in new rules to control the amount owed by big Real Estate developers.
The new measures led Evergrande to offer its properties at major discounts to ensure money was Coming In to keep The Business afloat.
Now it is struggling to meet the interest payments on its debts.
This uncertainty has seen Evergrande's shares lose More Than 99% of their value in The Past three years.
In August, in a bid to protect its US assets as it worked on a multi-billion dollar deal with creditors.
Why would it matter if Evergrande collapses?There are several reasons why Evergrande's problems are serious.
Firstly, many people bought property from Evergrande even before building work began. They have paid deposits and could potentially lose that money if it goes bust.
There are also the companies that do business with Evergrande. Firms including construction and design firms and materials suppliers are At Risk of incurring major losses, which could force them into bankruptcy.
The third is the potential impact On China 's financial system: If Evergrande defaults, banks and other lenders may be forced to lend less.
This could lead to what is known as a credit crunch, when companies struggle to borrow money at affordable rates.
A credit crunch would be very Bad News for The World 's second largest economy, because companies that can't borrow find it difficult to grow, and in some cases are unable to continue operating.
This may also unnerve foreign investors, who could see China as a less attractive place to put their money.
Is Evergrande 'Too Big to fail'?The very serious potential fallout of such a heavily indebted company collapsing has led some analysts to suggest that Beijing may step in.
The Economist Intelligence Unit's Mattie Bekink thinks so: " Rather than risk disrupting supply chains and enraging homeowners, we think the government will probably find a way to ensure Evergrande's core business survives. "
Others though are not sure.
In a post On China 's chat app and Social Media platform WeChat, the influential editor-in-chief of state-backed Global Times newspaper Hu Xijin said Evergrande should not rely on a government bailout and instead needs to save itself.
This also chimes with Beijing's aim to rein in corporate debt, which means that such a High Profile bailout could be seen as setting a bad example.
You may also be interested in:Source of news: bbc.com
