The US Federal Reserve warned in its semi-annual financial health check overnight that stress in China’s real estate sector could pose “some risks” to the American financial system, pointing to the recent concerns surrounding China Evergrande Group, the world’s most indebted property developer.In its latest Financial Stability Report, the US central bank said the ongoing regulatory scrutiny by Beijing over corporate debt levels has the potential to stress the property sector and other highly…
Source : South China Morning Post
Read more…US Fed warns China property sector stress could pose ‘risks’ to American economy
