Rolling coverage of the latest economic and financial news
The Fed also fears that stresses in China’s real estate sector could strain the Chinese financial system, with possible spillovers to the United States. In its financial stability report, it cites the heavily indebted Evergrande as an example of the risks. In China, business and local government debt remain large; the financial sector’s leverage is high, especially at small and medium-sized banks; and real estate valuations are stretched.
Danmark Seneste Nyt, Danmark Overskrifter
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