Moody’s China downgrade ‘illogical’, overstates debt: People’s Daily

May 24, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

SHANGHAI (Reuters) – The decision by Moody’s Investors Service to downgrade China’s credit rating is “illogical” and overstates the levels of government debt, a commerce ministry researcher said in an editorial in the official People’s Daily newspaper on Thursday.