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The US Central Bank has warned that Chinas property market problems might increase the financial stress in the country and affect the global financial market, according to ANI. The US Central Bank highlighted that due to the size of China's economy and its ties with the international community, the financial system of the country could impact the global financial market. The United States Central Bank has expressed concern over the ongoing real estate market problems of China. China property problems may affect the global market As per the report, several other real estate developers could also face debt issues. China's most indebted real estate developer Evergrande has been fearing contagion since September after they received a warning that it could have defaulted on its debts of more than $300 billion.
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The Federal reserve in its biannual report on financial stability noted the crisis at Evergrande, ANI cited CNN report. The US Central Bank has warned that China's property market problems might increase the financial stress in the country and affect the global financial market, according to ANI. The US Central Bank further highlighted that the property problems of China would also 'negatively' impact the United States. Philippine Passport validity has been extended to 10 years. The United States Central Bank has expressed concern over the ongoing real estate market problems of China. The Philippine Postal ID is one of the easiest to get, and is widely accepted.If you’re a student, this is the easiest ID to get because all you need is your birth certificate or a school ID.