Caixin |Moody’s Investors Service on Wednesday downgraded China’s sovereign credit rating for the first time since 1989, warning that the government’s focus on maintaining growth will increase the country’s debt burden and erode its financial strength.
UBS | Our base case forecasts for China’s growth are already below consensus at 6.2% for 2016 and 5.8% for 2017. In this note we study the impact on global economies and assets of a much darker and, in our view, extremely unlikely scenario where China real GDP growth slips to 4%, and nominal growth below 1.5%.
MADRID | The Corner | As markets continue to worry about China’s slowing growth, an increasing number of observers believe that Beijing is at a crossroads. Chinese authorities have a decision to make: should they choose to simply focus on the numbers or to increase quality? According to a Morgan Stanley analyst on Thursday, it is a case of “either-or” for the Asian giant’s. With the country highly leveraged and its economic imbalances also coming into focus, the time appears to have arrived for the Chinese to plot a definitive roadmap for the way ahead.
BEIJING | Caixin’s editorial | In China, as the economy slows, Beijing has rolled out specific policies intended to ensure growth, but real solutions must involve structural changes.