It comes at a time when global stock markets are on high alert over Evergrande's massive debt problems.
"I have very vivid memories of [the] latest stock market developments in China that had a bearing across the world. But in Europe and in the euro area, in particular, direct exposure would be limited," Lagarde said.
When asked whether the ECB was prepared for the prospect of a chaotic global knock-on effect in the event of Evergrande's collapse, Lagarde replied: "As I told you, for the moment, what we are seeing is [a] China-centric impact and exposure. I can't speak for the United States [but] I can say for Europe that its direct exposure is limited."
Lagarde's comments come shortly after U.S. Federal Reserve Chair Jerome Powell said Evergrande's debt problems appeared particular to China."In terms of the implications for us, there's not a lot of direct United States exposure. The big Chinese banks are not tremendously exposed, but you would worry it would affect global financial conditions through global confidence channels and that kind of thing," Powell said on Wednesday.
, paring losses from earlier in the week as Evergrande Group rallied over 17%. The property developer on Wednesday eased investor fears somewhat by resolving payment on a local bond.
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