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Our main concern is slow China rebalance – S&P

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Kim Eng Tan, Standard and Poor's (S%P) senior director for sovereign ratings explained the key reason that would quicken China’s ratings downgrade, Bloomberg reported.

    Key Quotes:

    If China boosted investment this year above where we expected them to be this year, then clearly it will likely bring forward the day of downgrade because our main concern is slow rebalance

    China is capable of getting faster growth than last year

    Slow China rebalance may hit Australia more than Asia; won't hurt Korea growth much

    Sees upside for Korea rating upgrade in 3-5 years
    For more information, read our latest forex news.
     

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