Finally Some Good News On Chinese Leverage?
At a July 15 meeting of China's National Financial Work Conference, with Chinese GDP Growth slowing and the country under practices put on display 'a refreshed commitment to vigilance to financial risks and reforms to curb leverage,' a Moody's report said. The encouragement is a change from earlier in the year from the ratings agency. The positivity of that five-year high-level planning meeting might be spreading, as the International Monetary Fund recently characterized Chinas debt as 'moderate,' pointing to reform efforts.
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Leverage has been used to fuel historic Chinese GDP Growth
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