China's debt spectre could haunt US Fed meetings
Risks emerging in China's dollar-denominated bonds could give Fed greater pause for thought as it raises rates
Hong Kong
IN September 2015, the US Federal Reserve cited risks from China as a key reason for delaying its first interest rate hike in a decade. A wall of Chinese debt maturing in the next few years could jolt the country back into the US central bank's policy deliberations.
Two years ago, it was a collapse in Chinese stocks, a surprise yuan devaluation and shrinking foreign exchange reserves that roiled financial markets that delayed the Fed, but it did raise rates three months later and has tightened further since.
