Evergrande Collapse Expected to Be Contained: Australian PM

Evergrande Collapse Expected to Be Contained: Australian PM
The logo of China Evergrande Group seen on the Evergrande Center in Shanghai, China on Sept. 22, 2021. Aly Song/Reuters
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The collapse of Chinese property giant Evergrande will be contained before it will significantly affect the Australian economy, Prime Minister Scott Morrison said.

“When it comes to Evergrande, this is principally an issue in China, and that addresses their financial stability,” Morrison told reporters in Washington D.C. ahead of the Quad Summit.