Evergrande Risks to China Economy ‘Contained,’ IMF Official Says
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Risks to the economy from the meltdown of China Evergrande Group are “contained” for now, according to a senior official with the International Monetary Fund.
“People understand that the government has the tools to contain the risks going forward,” Helge Berger, head of the fund’s China mission, said on Bloomberg Television. Risks in the property sector are contained to the sector at the moment, but authorities should keep monitoring in case they escalate, he said.