Moody’s sees no crisis from slowdown
Print Edition
CHINA’S economic slowdown will continue but a financial crisis is unlikely, Moody’s Investors Service said yesterday.
The country’s gross domestic product growth is likely to slow to 6.5 percent or lower next year, down from just under 7 percent in 2015, showed a Moody’s survey, which covered 130 respondents in London, Paris and New York.
Industries with overcapacity problems and facing deterioration in asset quality is a concern for Chinese banks but the majority of the respondents polled believe that the Chinese authorities possess the tools to avert a banking crisis.
But offshore investors were undecided on the attractiveness of China’s nascent municipal bond market, with only a quarter of the respondents seeing it as attractive.
Regional and local governments issued 2.9 trillion yuan (US$458 billion) in new bonds in the first 10 months of this year, and the figure is set to rise to 3.8 trillion yuan by the end of the year, Moody’s said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
