Tag: Subnational Government Borrowing

Moody’s Cuts China Credit Outlook to Negative on Growing Debt Risks
Money

Moody’s Cuts China Credit Outlook to Negative on Growing Debt Risks

Updated Dec. 5, 2023 5:53 am ETChina’s mounting local government debt woes are putting pressure on the country’s credit ratings.Moody’s Investors Service lowered its outlook for China’s credit rating from stable to negative on Tuesday, warning that the financial stresses of some regional and local governments will require Beijing to provide support to them. That could weigh on China’s government finances at a time when its economy is slowing.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
China’s Teetering Local Debt Mountain, in Six Charts
Money

China’s Teetering Local Debt Mountain, in Six Charts

Oct. 12, 2023 11:00 pm ETAfter a decade of kicking the can down the road, China’s local government debt problem has become impossible to ignore. How adroitly Beijing acts to address it could make or break China’s financial system over the next several years—and the economy’s trajectory as a whole.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8