IMF chief economist says China has the tools and space to prevent Evergrande from becoming a systemic crisis

IMF Chief Economist Gopinath says following developments regarding Chinese property developer china Evergrande very closely

• downside risks linked to Evergrande could have implications for China's economic activity and financial stability
• says China has tools and policy space to prevent the Evergrande situation from turning into a systemic crisis

via an interview with Reuters