Commentary A decade ago, China was praised as a miracle. The twin crisis (real estate and debt) will be another miracle. The miracle is, as always, something in story books. In reality, there seems to be no miracle at all. Half to one-third of a century ago, when West Germany and Japan had been regarded…
Federal Reserve Warns Stresses in China Real Estate Sector Poses Risk to US Economy
November 9, 2021
admin
Business & EconomyChinaChina Business & EconomyChina's real estateeconomyevergrandeFederal ReserveUSUS-China relations
0 Comment
The Federal Reserve on Monday warned that stresses in the Chinese real estate sector, including from debt-ridden property developer Evergrande, could impact the United States if they spillover into the Chinese financial system. “In China, business and local government debt remain large; the financial sector’s leverage is high, especially at small and medium-sized banks; and…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`