China’s rising debt was a primary reason for Moody’s downgrading of China’s sovereign rating for the first time since 1989, displeasing Beijing. Photo: Reuters

China’s rising debt to blame for Moody’s downgrade, says credit rating agency

If China uses a stimulus policy to meet economic growth targets, financial leverage is likely to grow, a Moody’s executive told a Beijing briefing

Topic |   China economy

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China’s rising debt was a primary reason for Moody’s downgrading of China’s sovereign rating for the first time since 1989, displeasing Beijing. Photo: Reuters
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