~ Zou Lan, head of financial markets at the People's Bank of China (PBOC), "China central bank official says spillover effect of Evergrande's debt woes is controllable," Reuters, October 15, 2021
Oct 15, 2021
Zou Lan on Evergrande spillover: "controllable"
The risk exposure of individual financial institutions to Evergrande is not big and the spillover effect for the financial sector is controllable... This short-term extreme reaction is a normal market phenomenon.
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