Commenting on the emerging risks of China’s indebted real estate sector, Hedge Berger, Head of the International Monetary Fund’s China Mission and Deputy Director of the Asia-Pacific Department, said that “Evergrande’s risk to China is contained for now“.
Featured statements:
China is accumulating downside risks.
The China’s government has the tools to contain risks.
Deleveraging in China is positive, but you have to be careful.
We need to find ways to ease the pressure on the energy sector.
The current drivers of higher producer prices are global commodities.
The CPI is not such a big problem as consumption remains weak.
We should consider a stimulus plan in 2022 if growth slows.
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