Helge Berger is the IMF's China mission chief and Assistant Director in the IMF's Asia and Pacific Department

  • says Evergrande risk to China is contained for now

the 'but' I refer to in the headline is:

  • China is accumulating downside risks

and, on the other hand

  • China's government has the tools to contain risks
  • deleveraging in China is a positive but they need to take care


  • We need to find ways to ease the pressure in the power sector
  • current drivers of the higher PPI are global commodities
  • CPI is not so big a problem as consumption is still weak
  • we should consider easing in 2022 if growth slows