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Tag Archives: China's credit rating

Explainer: How could Moody’s warning affect China’s economy?

Mohamed Abdelhamid Daily Economic Reports, Economic Report, Forex Market, Market Update

Moody’s has downgraded China’s sovereign credit rating to negative, citing growing growth risks and a property sector crisis in the world’s second-largest economy. The downgrade follows a month-long lower of the US’s triple-A credit rating, indicating a growing likelihood of default over the past year. The AUD/USD pair was up …

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