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OECD sees limited Evergrande fallout By Reuters

by Mike Robinson

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© Reuters. The Evergrande Oasis logo, which is a complex housing project developed by Evergrande Group can be seen peeling outside of the Luoyang construction site, where residential buildings are still unfinished. It was taken in Luoyang on September 16, 2021. Picture taken September 16, 2021. REUTER

PARIS (Reuters) – Chinese authorities have the capacity to keep the debt crisis at property developer Evergrande in check and the broader fallout should be limited, OECD chief economist Laurence Boone said on Tuesday.

Boone said that China’s authorities possess the financial and monetary ability to cushion the shock. Boone was speaking at a press conference regarding the OECD’s economic forecasts.

She said that the impact would be limited, except in certain cases.

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