let's get more and a story we can speak to ryan manuel, his chief asia strategists with silver horn investment advisors. he joins us live from hong kong. many thanks for joining the program. the next key deadline is monday or where they are due to make a huge re payment. will they make it? and if not, what happens? um, it's not clear, don't make it. no, it's not what happens. it will continue as, as happened, as of the reasons that the panic is that they're in the process of the moment, restructuring all these different arrangements. and so mondays is just one of, of many to come, frankly. and so when marcus reacted other than just because they're allowed to trade on ever granting friends was suspended before is because they're worried about the fact that this could just be this is just one to follow on monday. then there's a whole bunch of different ons, both, both dominate as an outside of china and also as you, your intro said riley really in china is a huge, are lot of liabilities better are waiting to that sort of mature for and, and thomas. so they've been trying to sell off assets in or

oh ryan manuel is the chief asia strategist with silver horn investment advisors. he says evergreen's debt crisis reflects a big problem with china's economic model the killing of the best bits now. so that's another reason markets a suit somewhat is because if you cancel the best plus the business, you're probably going to struggle the worse. but it's also that they were trying to sell it back to some of that actually owns quite a lot of debt. mainly you doing buddy, the chinese government as well, or definitely entities the earned by the chinese government local vehicles and things like that. but so the chinese government is not right to buy all the granddaddy at some point this is had to stop ever grande's, the largest model, but that there's an entire underlying political economy of outside it works, which is a real estate and uses models like a grand day which is not sustainable and the chinese, the particular child is top leader, has made very clear that he wants this to end. he want houses to be living in and not speculation. and the previous way of doing bu