China Market Spillovers to World Limited, Ex-PBOC Adviser Says

(Bloomberg) — Financial problems faced by institutions like China Evergrande Group are “controllable” and spillovers from the nation’s markets to the rest of the world are limited, a former central bank adviser said.

“Overseas investors don’t need to over-worry about China,” Yu Yongding, a former adviser for the People’s Bank of China, said at the annual Caixin summit Friday.…

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