China will not allow Evergrande to become a systemic crisis – Standard Chartered

In a Bloomberg TV interview on Tuesday, Standard Chartered’s Chief Executive Officer Bill Winters stated “Chinese authorities might not permit the turbulence surrounding troubled property developer China Evergrande Group to flip into a systemic crisis.”

Additional quotes
“This thinking that this was once some thing of a Lehman second for China: I do not assume China’s frankly that dumb”

“The broader world economy, meanwhile, is going through a bumpy restoration from the Covid-19 pandemic.”

“I’m now not desperately worried about the financial system however I assume it’s going to be a little bit harder,” he said. The elimination of pandemic-era guide measures will take away some momentum.”



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