|
Moody’s: China's current account is likely to move into structural deficit over this decade
Moody’s Investors Service, the US-based rating agency, in its latest report, said that it expects China to shift into the current account deficit over the next ten years.
Key Quotes:
“China's current account is likely to move into structural deficit over this decade.
China's shift into the current account deficit could weigh on the sovereign's credit profile.
In the energy sector, Moody’s expects the Chinese government to end subsidies for new projects over the next three years.”
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
More from Dhwani Mehta
