Monday, November 15, 2021
"Real estate is an important sector of the Chinese economy. It accounts for about 30% of demand," said Yellen in a taped interview with CBS' "Face the Nation" that aired on Sunday. "And a slowdown in China, of course, would have global consequences. China's economy is large, and if China's economy were to slow down more than expected, it certainly could have consequences for many countries that are linked to China through trade," she added to the network.
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