Moody’s: China’s erosion of credit quality is likely over the medium term

By FXStreet The US ratings agency, Moody’s Investors Service, issued warnings in its latest review published on China, Reuters reports.

Key Headlines:

China’s authorities have the tools to avert a financial crisis, but erosion of credit quality is likely over the medium term

Overarching role of the Chinese state mitigates the risk of a financial crisis

China could face several adverse consequences even if financial liberalization is stalled and a systemic crisis is avoided
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Source:: FX Street