The Federal Reserve Bank of the US has issued a warning of spill over effects from China's vast real estate sector troubles to the global economy.
According to the report the risk can possibly affect the US as well.
The US central bank warned earlier this week that China's ongoing property woes could elevate "financial stresses in China, could further strain global financial markets and negatively affect the United States."
In its biannual report on financial stability, the Fed pointed specifically to the crisis at Evergrande, China's most indebted developer.
The company has sparked fears of contagion since September, upon warning that it could default on its debts of more than $300 billion. Several other real estate developers are also in trouble.
