Chinese corporate debt is the 'biggest threat' to the global economy, says Moody's chief economist – CNBC t.co/HhyYQMTIRB
— Michael Ron Bowling (@mrbcyber) December 17, 2019
- While corporate debt is a “fault line in the financial system and the broader economy,” Moody’s Chief Economist Mark Zandi flagged Chinese indebted companies as the “biggest threat.”
- A similar warning by Fitch Ratings last week said that private companies in China have defaulted on their debts at a record pace this year.
- In an October report, the ratings agency put it down to a tightening of credit as a result of the government’s deleveraging efforts.
Chinese Investment in U.S. Commercial Real Estate Is Plunging#endowments #privateequityfirms #wealthmanagement #hedgefunds #familyoffice #investing #investments #crypto #profits #economy #investmentt.co/uOYsBnvqL0
— Gregory Silberman (@g_silberman) December 17, 2019