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

snoop1130
in Indonesia News

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2021-09-23T053526Z_3_LYNXMPEH8M021_RTROPTP_4_HEALTH-CORONAVIRUS-INDONESIA.JPG

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."

 

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-- © Copyright Reuters 2021-09-13

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