Chinese property woes trigger ‘dramatic shift’ into US stocks

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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

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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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