Tag: China downgraded by Moodys
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Bad news? China’s credit rating cut because of ‘slowdown in economy.’
We must realise that China is a huge ‘help’ when it comes to GDP growth. As of not, it’s true even for the U.S economy. The U.S relies a lot on China’s willingness to lend when the U.S needs to borrow. Trade wise, it’s not an awesome thing when your biggest or top 3 trading…