Moody’s Downgrade of China Crediting Rating Casts Shadow Over China’s Fragile Investor Sentiment, Says Analyst

NTD Video
By NTD Video
December 6, 2023China in Focus

Financial giant Moody’s just downgraded its outlook for the world’s second-largest economy alongside a new trend for China’s credit ratings: shifting ‘stable’ to ‘negative.’

The move marks the latest sign of mounting global concern over China’s surging local debts and a deepening property crisis.

Carlos Casanova, a senior Asia economist, speaks more on this matter.

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