FOREX TradingCharts.com

Financial News: Moody's Says China's Current Account Position To Pose

Moody's Says China's Current Account Position To Pose Risk To Stability

11/20/2019 - 05:21:00 (RTTNews)

(RTTNews) - China current account deficit is likely to move into structural deficit over the next decade, posing risks to financial stability and credit quality, Moody's Investors Service said Wednesday.

In a new report released today, Moody's said the credit implications will depend on the size of the deficit and how it is financed.

According to Moody's assessment, the current account will move into deficit of around 1.5 percent of GDP by 2030 from a surplus of about 10 percent of GDP in 2007.

"While not our core expectation, the emerging deficit could weigh on the sovereign's credit profile if it occurs faster than we currently expect and/or combines with some capital outflows," Martin Petch, a Moody's vice president and senior credit officer, said.

The overall risk to financial stability remains low. However, over the medium to long term, the agency forecasts that China's rapidly ageing population and persistent trade barriers will impair the country's capacity to generate savings large enough to finance economy-wide debt at low and stable costs.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


UK Halifax House Prices Rise Most In 7 Months (02 hr(s), 0 min(s),24 sec(s) ago)
(RTTNews) - UK house prices increased at the fastest pace in seven months in November, data from t ...Full Story»

Germany Industrial Output Falls Unexpectedly (03 hr(s), 31 min(s), 24 sec(s) ago)
(RTTNews) - Germany's industrial production declined unexpectedly in October, data from Destat ...Full Story»

Estonia Inflation Rises In November (04 hr(s), 03 min(s), 24 sec(s) ago)
(RTTNews) - Estonia's consumer price inflation rose in November after easing in the previous m ...Full Story»

Japan Leading Index Falls To Lowest Since 2009 (04 hr(s), 23 min(s), 24 sec(s) ago)
(RTTNews) - Japan's leading index fell to the lowest level in nearly ten years in October, dat ...Full Story»

Japan Household Spending Declines After Sales Tax Hike (05 hr(s), 41 min(s), 24 sec(s) ago)
(RTTNews) - Japan household spending declined notably in October after the government implemented ...Full Story»

UK Labor Market Conditions Remain Challenging: REC/KPMG (54 min(s), 36 sec(s) ago)
(RTTNews) - The UK labor market conditions remained challenging in November amid election and Brex ...Full Story»

European Economics Preview: Germany Factory Orders Data Due (54 min(s), 36 sec(s) ago)
(RTTNews) - Factory orders data from Germany is due on Friday, headlining a light day for the Euro ...Full Story»

Australia's Construction Sector Contracts Further (37 min(s), 36 sec(s) ago)
(RTTNews) - Australia's construction sector contracted further in November, data from the Aust ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

UK Halifax House Prices Rise Most In 7 Months

12/06/2019 - 03:49 AM (RTTNews)
(RTTNews) - UK house prices increased at the fastest pace in seven months in November, data from t ...Full Story>>

Germany Industrial Output Falls Unexpectedly

12/06/2019 - 02:18 AM (RTTNews)
(RTTNews) - Germany's industrial production declined unexpectedly in October, data from Destat ...Full Story>>

Estonia Inflation Rises In November

12/06/2019 - 01:46 AM (RTTNews)
(RTTNews) - Estonia's consumer price inflation rose in November after easing in the previous m ...Full Story>>

Japan Leading Index Falls To Lowest Since 2009

12/06/2019 - 01:26 AM (RTTNews)
(RTTNews) - Japan's leading index fell to the lowest level in nearly ten years in October, dat ...Full Story>>

Japan Household Spending Declines After Sales Tax Hike

12/06/2019 - 00:08 AM (RTTNews)
(RTTNews) - Japan household spending declined notably in October after the government implemented ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.