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.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD recovers modestly, trades below 1.0550
EUR/USD has managed to stage a rebound after having declined toward 1.0500 in the early American session. The negative shift witnessed in market sentiment after the latest US data, however, helps the dollar find demand and doesn't allow the pair to extend its recovery.
GBP/USD trades below 1.2200 pressured by risk aversion
GBP/USD has extended its daily slide and touched a fresh five-day low below 1.220 in the second half of the day on Tuesday. Wall Street's main indexes are suffering heavy losses, providing a boost to the safe-haven dollar in the American session.
Gold continues to fluctuate in tight range above $1,820
Gold edged lower in the early American session but managed to erase its daily losses. With the 10-year US T-bond yield falling into negative territory amid risk aversion on Tuesday, XAU/USD holds its ground and continues to trade near $1,820.
Former Ripple CTO is dumping millions of XRP, traders beware
XRP price shows promise that it is ready to trigger a massive run-up as the first half of the year comes to an end. There are three reasons why investors should be bullish on Ripple.
FXStreet Premium users exceed expectations
_XtraSmall.png)
Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!