ADB president says China’s banking system has sufficient buffers to absorb Evergrande shock

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Remarks by the Asian Development Bank president, Masatsugu Asakawa PBOC is providing ample liquidityChinese authorities showing readiness to contain any spillover from EvergrandeSome reassuring remarks but expect there to be more signs of nervousness in the market as the silence continues surrounding Evergrande's supposedly missed payment last Thursday. The firm has 30 days since then to fulfil said obligation so we'll see if there will be anything that crops up in the coming days/weeks. Invest in yourself. See our forex education hub. Source link
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