Indonesia Finance Minister Warns of Ripple Effect from China’s Evergrande Debt Woes

Reuters
By Reuters
September 24, 2021Asia & Pacific
share
Indonesia Finance Minister Warns of Ripple Effect from China’s Evergrande Debt Woes
Indonesian Finance Minister Sri Mulyani at the Presidential Palace in Jakarta, Indonesia, on Nov. 13, 2020. (Willy Kurniawan/Reuters)

JAKARTA—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.”

ntd newsletter icon
Sign up for NTD Daily
What you need to know, summarized in one email.
Stay informed with accurate news you can trust.
By registering for the newsletter, you agree to the Privacy Policy.
Comments