Former adviser to the PBOC says the Evergrande problem is manageable

Yu Yongding is a former advisor to the People's Bank of China.

• Says China has very strong macro adjustment capabilities
• Says the problems such as Evergrande are controllable

Chinese authorities are grappling with managing property sector liquidity problems at present. Massive debts, massive payments due .... at present its precarious but the alternative is ugly indeed:

• Analysts wary of China's property downturn copying Spain's &/or US' crashes in the 2000s