To Innovation - Breaking Politics, Economics, Crypto & IT News

learn more
Reporting from Watford, UK and LA, US since 1996
learn more




TOP STORIES
Unilever quits Facebook advertisement boycott

It's time to move on, the corporation considers



Moody's downgraded the rating of China



International Rating Agency Moody's for the first time in almost 30 years downgraded the rating of China from “Aa3” to “A1” and changed the Outlook thereon to stable from negative.



28.May.17 1:16 PM
By Christina Orlina
Photo Toinnov.com

   412

 Moody's downgraded the rating of China
International Rating Agency Moody's for the first time in almost 30 years downgraded the rating of China from “Aa3” to “A1” and changed the Outlook thereon to stable from negative.

According to Agency estimates, in the coming years, the financial ability of China's economy with the slowdown of growth rates would decrease, while the debt burden Podolia increase.
Market analyst Craig Erlam: “The economic model in China focused on investment and exports to support domestic consumption and more sustainable model of development. But, as we have seen the last two years, as the country faces challenges, it returned to what it was, and starts spending measures on infrastructure and measures to support the economy.”

Last year China's GDP growth fell to 6.7%. In 2010 this indicator was at the level of 10.4%. The Ministry of Finance criticized the decision, Moody's and said that it was based on “improper methodology”.



Back to the list


Related Information: