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APR 14, 2013 - Forbes

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The Biggest Threat To China's Economy

On Tuesday, Fitch Ratings downgraded China’s long-term local currency debt one notch, from AA- to A+.  The primary reason for the move was the country’s too-rapid expansion of credit, one of the “underlying structural weaknesses” the agency cited in its announcement.  Many analysts in fact think the debt resulting from then Premier Wen Jiabao’s borrowing binge, which began to accumulate in earnest in late 2008, is now China’s number one economic risk. There are, of course, other risk factors now undermining the country’s economic growth.  Among them are an eroding environment, unfavorable ... Read More

Tags: The Biggest Threat To China's Economy,  South China Sea Latest News