Posted inChina, France, Germany, Italy, Japan, Northeast Asia, World

Moody’s unfair China credit rating

Moody, the US-based credit rating agency, downgraded China’s rating from Aa3 to A3 but revised the country’s economic outlook from negative to stable in May 2017. The reasons behind the downward grading include: soaring debt would diminish long-term financial strength and the economy continues on its downward trajectory. First, let’s put China’s debt in perspective […]

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