China Evergrande Unlikely to Cause Financial Crisis, BOK Says – BNN Bloomberg

(Bloomberg) — China Evergrande Group's troubles are unlikely to trigger a financial crisis given the low exposure of local banks to the debt-laden developer and the ability of Chinese regulators to control markets, the Bank of Korea said Sunday. China's government may provide liquidity to the company and help it proceed with ongoing construction projects, South Korea's central bank said in a weekly report. A recovery in the global economy will be positive for China and offset a potential shock from the debt crisis, the bank said. China Breaks Silence on Evergrande, Says Risks Controllable Evergrande's problems will slow China's…