Was China's credit downgrade infrastructure driven? by Federico Villalobos

On May 24, 2017, Moody´s downgraded China´s credit rating to A1 from Aa3.  Moody´s cited a dangerous economy-wide debt increase. The surprise here is that infrastructure investment could be one of the main triggers of this situation. Contrary to what is commonly believed more investment is not necessarly better.

Read More