China’s growing indebtedness was cited by Moody’s as among reasons for its credit rating downgrade to A1 from Aa3 in May. Photo: AFP
China’s growing indebtedness was cited by Moody’s as among reasons for its credit rating downgrade to A1 from Aa3 in May. Photo: AFP

China can’t fix its financial problems by debt cutting alone, economists say

Overheating property markets and the ballooning financial services sector are symptoms of structural imbalances that need addressing

China’s growing indebtedness was cited by Moody’s as among reasons for its credit rating downgrade to A1 from Aa3 in May. Photo: AFP
China’s growing indebtedness was cited by Moody’s as among reasons for its credit rating downgrade to A1 from Aa3 in May. Photo: AFP
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