WASHINGTON, Nov 9 — Stresses in China’s real estate sector including from heavily-indebted Evergrande have the potential to impact the United States if they spread first to the Chinese financial system, the Federal Reserve said Monday.
As one of China’s biggest property developers, fears around Evergrande’s debt mountain have battered investor sentiment and shaken the country’s mammoth real estate market, but the firm recently met an interest payment it was expected to miss.
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