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Moody's Says China's Reforms Won't Revert Debt Trends

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Officials at Moody's downgraded China's sovereign ratings by one notch this week.One added that structural reforms in China will also slow their pace of build-up.However, their efforts will not be enough to keep their credit rating afloat given a ballooning credit that is weighing down the strength of their currency.They expect China's financial strength will erode in the come years, as the world's second-largest economy continues to mount debt with slower growth.Though recent reforms in China are expected to slow the pace of debt-growth, Moody's has projected that trends in debt-accumulation will not change dramatically.http://feeds.reuters.com/~r/reuters/t...http://www.wochit.comThis video was produced by YT Wochit Business using http://wochit.com

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Moody's China' sovereign ratings structural reforms credit rating currency debt-growth growth economy financial strength reforms debt-accumulation
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