Evergrande spillover risks ‘controllable’ (Global Times)

China’s central bank on Friday said the spillover effects of China Evergrande Group’s liquidity crisis are controllable, the first public statement since the company was summoned by the regulator in August.

The crisis was caused by poor management, but financial sector debts only accounts for one third of the total debt, Zou Lan, head of financial markets at the People’s Bank of China, said at a briefing.

Evergrande spillover risks ‘controllable’ – Global Times

Marco Emanuele
Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

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