While court order reportedly has recognition in some parts of China, the question is how far would Chinese courts recognise attempts to seize assets of indebted property developer.
For investors wary of China, looking at India makes sense. At more than $300 billion, Evergrande's liabilities alone are more than twice the size of India’s entire corporate bond market.
For China, the risk of contagion far outweighs any potential damage from an Evergrande collapse on its own. Around 1.6 million homebuyers have put deposits on Evergrande apartments.
A modified script may now need to be written on China, which has emerged as world’s second-largest economy, and a challenger to the United States in economic and strategic clout.
Evergrande said it is unable to sell its assets fast enough in order to repay a mounting debt of $305bn. This was followed by company's shares plummeting, down by nearly 12% Tuesday.
With the ongoing conflict at the Red Sea, India needs to take a long-term view of the PLI scheme and its ambition to emerge as a hub of shipping containers.
Data shows large public sector banks received highest number of complaints in absolute terms, but fared better than several private banks when looked at on complaints-per-branch basis.
Su-30 & Hawk fighters demonstrated the facility's operational readiness. ELFs come in handy during emergency landings, help speed up disaster relief operations.
For BJP, CAA was strategic move that did not quite work out because those it would benefit could’ve been accommodated under existing laws, and new entrants would remain excluded.
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