This photo taken on May 5, 2017 shows workers cleaning a high-speed train at a maintenance and cleaning centre for China's high speed rail network, in Chongqing. A team of 13 workers clean up to 20 trains per day at the centre, starting from 4am each day. China has been on a high-speed rail building spree for over a decade, putting up over 17,000 kilometres (10,500 miles) of track. Photo: AFP
Jake Van Der Kamp
Opinion

Opinion

Jake's View by Jake Van Der Kamp

Here’s why S&P may be on to something with its cut of China’s sovereign credit rating

The important question is not the quantity of debt, but the quality of how it is invested, and on this ground, I think S&P may be on the right track.

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This photo taken on May 5, 2017 shows workers cleaning a high-speed train at a maintenance and cleaning centre for China's high speed rail network, in Chongqing. A team of 13 workers clean up to 20 trains per day at the centre, starting from 4am each day. China has been on a high-speed rail building spree for over a decade, putting up over 17,000 kilometres (10,500 miles) of track. Photo: AFP
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