China’s central bank has said poor management has led to the crisis facing Evergrande Group. Photo: EPA-EFE. Photo: DPA
China’s central bank has said poor management has led to the crisis facing Evergrande Group. Photo: EPA-EFE. Photo: DPA

China Evergrande crisis caused by ‘poor management’, but an exception in healthy property market, central bank says

  • China’s central bank says property developer Evergrande Group failed to act judiciously in the face of changing market conditions
  • But it stressed China’s property sector is healthy overall and any ‘spillover to the financial industry is controllable’

Topic |   Evergrande crisis
China’s central bank has said poor management has led to the crisis facing Evergrande Group. Photo: EPA-EFE. Photo: DPA
China’s central bank has said poor management has led to the crisis facing Evergrande Group. Photo: EPA-EFE. Photo: DPA
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