Fed says China’s real estate troubles could spill over to the U.S.

Fed says China’s real estate troubles could spill over to the U.S.

November 9, 2021 Clora Motsinger 0

Ornamental statues at China Evergrande Group’s Life in Venice real estate and tourism development in Qidong, Jiangsu province, China, on Tuesday, Sept. 21, 2021.Qilai Shen | Bloomberg | Getty ImagesBEIJING — The U.S. Federal Reserve warned Monday of potential spillover from China’s real estate troubles to the U.S. financial system.Since this summer, highly indebted developer…