China property shares firm after PBOC says Evergrande crisis manageable

China property shares firm after PBOC says Evergrande crisis manageable

FILE PHOTO: An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip/File Photo/File Photo

The spillover effect of China Evergrande Group’s debt problems on the banking system is controllable, a central bank official said on Friday, in rare official comments on a liquidity crisis at China‘s No. 2 developer that has roiled global markets.

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