Stock Groups

Indonesia Finance Minister warns of ripple effect from China’s Evergrande debt woes By Reuters

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO The Indonesian Finance Minister Sri Mulyani reacts wearing a mask during a interview with Reuters, held at Jakarta’s Presidential Palace, Indonesia on November 13, 2020. REUTERS/Willy Kurniawan

JAKARTA (Reuters) – Indonesian authorities are monitoring the financial market situation in China, finance minister Sri Mulyani Indrawati said on Thursday, and warned that property firm China Evergrande’s debt woes could affect the world’s economy.

She said that she saw a “new risk” to China’s financial stability.

The situation they are facing is difficult and could cause extraordinary ripple effects for not only China’s internal economy but worldwide. It is important to remember that we must be vigilant.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. Instead, they are determined by market makers. As such, the prices might not reflect market conditions and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]