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Indonesia Finance Minister warns of ripple effect from China's Evergrande debt woes

Published 09/22/2021, 10:48 PM
Updated 09/23/2021, 01:41 AM
© Reuters. FILE PHOTO: Indonesian Finance Minister Sri Mulyani wearing a protective mask reacts during an interview with Reuters at the Presidential Palace in Jakarta, Indonesia, 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.

"We see a new risk to the financial system stability in China," she told a news conference.

"They are going through a situation that is not easy and could have an extraordinary ripple effect not just for China's domestic economy, but also the world's. So we have to be careful."

Latest comments

the only thing that is holding up the Chinese real estate market, is the the Chinese government. this is a 2008 moment for the Chinese economy.
there are safer places to risk your capital than China.
Yah.. Afghanistan is the safest.. But you ran off like seeing a ghost.. Damm.. I need a drink NOW
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