Is it China's turn for a downgrade?

After Fitch warns that it might cut China’s local-currency debt rating, Andy Rothman, China macro strategist at CLSA, says the country is in a good fiscal position to cope with recession in the global economy.

Is it China's turn for a downgrade?
Photo: AFP
Photo: AFP

Is China due for a credit downgrade That question arose this week after Fitch Ratings warned that it might cut China’s local-currency debt rating on worries of rising defaults after a lending spree.

But some strategists argue that China is in a relatively good position. According to Andy Rothman, China macro strategist at CLSA, the government has plenty of fiscal firepower to help it withstand a potential global recession, despite a huge amount of...

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