Fed warns of which, if you can, guarantee that the prize money is large It's definitely within your reach, so you don't have to worryเข้าเล่นสล็อตxoabout what problems you might encounter. We can fix it for you in 5 minutes with professional service. You will never see anywhere before. Easy to play at your fingertips. And there are also a variety of games to choose from, more than a hundred games. Anyone who wants to play free slotxo games, don't miss it. Chinese real estate crisis risk affecting the US economy
The US Federal Reserve (Fed) has warned that real estate problems in China could affect the US financial system.
On November 9, 2021, CNBC reported that since the past summer, "China Evergrande", a real estate developer with huge debts. has caused panic among investors around the world. Because the company is trying hard to avoid default. Other property developers in China have also struggled with debt repayment.
This has raised concerns about the wider impact from the world's second-largest economy, where about a quarter of the country's economy is driven by real estate.
“Tensions in China's real estate sector May cause tension in China's financial system as well. And this situation could spread to the United States,” the Fed said in its latest financial stability report.
The report also pointed out that The size of the Chinese economy and the Chinese financial system including world trade connected
The report also mentions US financial conditions. Since the stock market price is at a record high to the risks of the growing stablecoin, as many analysts highlighted the Fed's views on China's real estate sector.
“The cause of concern for the Fed is that China's real estate movement is slowing. But many property developers have a lot of debt. Something like Evergrande It affects many sectors of the economy,” Paul Christopher, global head of market strategy at Wells Fargo Investments, said in an email.
Christopher also said that broad connections mean that A slowdown in China's housing market could lead to unemployment. China's stock fall and deflation which may affect through world trade channels while China cuts down on purchases from other countries
However, he sees such an impact that is unlikely to happen.
“Some Chinese states have been grappling with high levels of private debt for many years. And China has the resources to solve problems in the real estate sector,” Christopher said. and noted that The Chinese authorities could still use more money. to deal with deflation as has been done in the past