Mexican Media Brands
Moody’s Cut China Outlook to “Negative”
Moody’s Investors Service affirms its Aa3 debt rating for China but lowered its outlook for the country from “stable” to “negative.”
The investment rating service also warns that a downgrade is possible if China fails to move faster on economic reforms.
#economics
Share
Moody’s Investors Service affirms its Aa3 debt rating for China but lowered its outlook for the country from “stable” to “negative.”
The investment rating service also warns that a downgrade is possible if China fails to move faster on economic reforms. Without them, Moody’s says, the country’s growth will slow more significantly, and government debt will rise “more sharply than we currently expect.”
Uncertainty over China’s growth has roiled the global economy for months. Christine Lagarde, who heads the International Monetary Fund, has described the country’s list of needed structural reforms as “overwhelming.”
Last week Finance Minister Lou Jiwei assured a G20 meeting of financial ministers that China’s central government is in control as it slows the country’s growth to a sustainable pace. The head of the central bank added that the direction of reform is clear and won’t change, but he says the pace will vary.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.