finance ministry-China Finance ministry steps up monitoring of China's property woes SEOUL, Aug. 20 (Yonhap) -- The finance ministry launched a special team to step up its monitoring of concerns about China's economy, with property woes in China deepening its economic trouble, according to ministry officials on Sunday. The move came after China's property giant Evergrande Group filed for bankruptcy in the U.S. last week, with another major player Country Garden struggling with debt problems, sparking concerns over potential repercussions for the South Korean economy and its financial market.

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