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3Novices:US casting nervous eye at China’s ‘phenomenal’ debt levels, says former Obama pick for the Fed

The United States is paying close attention to China’s fast rising level of debt, housing bubble and the build-up of risk in the financial system as any stumble by the world’s second largest economy would bring a chain reaction globally, according to Kathryn Dominguez, an economics professor at the University of Michigan nominated by former president Barack Obama to be a governor in the Federal Reserve two years ago.
“I was looking at that [debt] data not long ago. It’s…
June 17, 2017 at 03:35PM http://ift.tt/2tddBrE
#3Novices #News #OnlineMedia #China 3Novices China

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