China Evergrande crisis was long expected, Norway wealth fund says

China Evergrande crisis was long expected, Norway wealth fund says

FILE PHOTO: The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo/File Photo

The liquidation of property giant China Evergrande Group was a crisis markets had expected and which Chinese banks have the heft to cope with, a top official at Norway’s $1.6 trillion wealth fund told Reuters on Tuesday.