Ratings agency Moody’s on Tuesday downgraded the outlook on China’s credit rating to “negative” from “stable” on the back of rising debt in the world’s second-largest economy, with Beijing saying it was “disappointed” by the move. The change “reflects rising evidence that financial support will be provided by the government and wider public sector to […]
Ratings agency Moody’s on Tuesday downgraded the outlook on China’s credit rating to “negative” from “stable” on the back of rising debt in the world’s second-largest economy, with Beijing saying it was “disappointed” by the move. The change “reflects rising evidence that financial support will be provided by the government and wider public sector to […]
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https://insiderpaper.com/moodys-downgrades-china-credit-rating-outlook-on-debt-fears/
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