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China Hit With First Credit Downgrade In Decades
Wednesday, May 24, 2017 - 11:24am | 383For the first time since 1989, a major debt rating agency downgraded their outlook on China. Moody's Investors Service slashed its rating on Chinese debt from Aa3 to A1 due to the possibility of a "material rise" in economy-wide debt. The agency also cited a potential negative impact...
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Is China's $26 Trillion In Public And Private Debt A Threat To The Global Economy?
Tuesday, May 3, 2016 - 2:44pm | 267Bloomberg's David Gura discussed China's $26 trillion worth of public and private debt during a ""Bloomberg Markets" segment. Gura stated that China's debt "splurge" has soared to nearly 250 percent of its GDP at the end of 2015. The figure includes corporate, household, government and bank debt....
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Bill Gross Warns Of A 'Global Marketplace In Which Prices Are Artificially High'
Thursday, April 28, 2016 - 1:15pm | 215Bill Gross, Janus Capital Management's famed fund manager discussed global systemic risk during an interview on Bloomberg TV. Gross said he is concerned we are facing a "global marketplace in which prices are artificially high." He added that he is also concerned about China's debt level which...