Chinese property woes trigger ‘dramatic shift’ into US stocks

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Investors flee emerging markets amid fears over China’s economy, according to Bank of America survey

email rounding up the latestThe Chinese property sector has emerged as the biggest threat to the stability of the global economy, fuelling a “dramatic shift” out of emerging market stocks and into the US, according to a closely watched investor survey.

Its woes have deepened in recent weeks, as developer Country Garden missed payments on its overseas debt, exacerbating worries about a wider economic slowdown and dragging down the broaderThe company avoided a technical default last week by making the payments within a grace period.

 

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