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...Moody’s also cited debt concerns in its downgrade of China’s sovereign rating in May....
...Particularly with smaller banks, we’ve seen a greater reliance on borrowing from other financial institutions to fund their business,” says Charlene Chu, senior partner and head of China banks at Autonomous...
...S&P and its competitor Moody’s both upgraded China’s sovereign rating at the end of last year, with S&P citing Beijing’s modest indebtedness, a strong external asset position and the economy’s rosy outlook...
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