Chinese City of Chengdu Relaxes Home-Buying Rule to Revive Sales
Chengdu, a major city in the southwest China, removed home-buying curbs, joining dozens of peers in the country in an attempt to revive real estate demand and boost economic growth.
Oct 17, 2021
China Evergrande Unlikely to Cause Financial Crisis, BOK Says
, Bloomberg News
(Bloomberg) -- China Evergrande Group’s troubles are unlikely to trigger a financial crisis given the low exposure of local banks to the debt-laden developer and the ability of Chinese regulators to control markets, the Bank of Korea said Sunday.
China’s government may provide liquidity to the company and help it proceed with ongoing construction projects, South Korea’s central bank said in a weekly report. A recovery in the global economy will be positive for China and offset a potential shock from the debt crisis, the bank said.
China Breaks Silence on Evergrande, Says Risks Controllable
Evergrande’s problems will slow China’s growth, but the impact will be limited, the bank said. The Korean central bank added that it needs to monitor other structural issues in China, such as so-called shadow banking activities and corporate debt that may in turn hurt the global economy.
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