Federal Reserve Warns of Turmoil in Chinese Real Estate Sector

“It’s tempting to use metaphors like ‘tip of the iceberg’ to describe what’s going on in China’s real estate sector,” Doug Barry, spokesperson for the US-China Business Council, told VOA in an email exchange. “But that we’re even tempted is itself disconcerting, given we’re talking about the world’s second largest economy – one linked to most of the others including the United States’.”