Ratings Agency Sounds Alarm on China Debt

Yuan2, cc Flickr David Dennis, modified, https://creativecommons.org/licenses/by-sa/2.0/

S&P Global is latest to join a chorus of rating agencies sounding the alarm on China’s growing debt.

Quoted by Financial Times, S&P analyst Richard Langberg classified local credit growth in China as a “debt iceberg with titanic credit risks.”

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