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Contagion fears: China’s property implosion has the US on edge – Sydney Morning Herald
The Fed’s latest financial stability report cites the implosion of China’s property development sector as a potential catalyst…
The property developers have more than $US200 billion ($271 billion) of US dollar-denominated bonds outstanding in an offshore bond market essentially closed to new property-related issuance.Those with cash are being directed by the authorities to prioritise…
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