No changes to China credit rating, economic outlook: S&P Global Ratings, The firm currently has an A+ rating for China sovereign

[beijingwalker]

No changes to China credit rating, economic outlook: S&P Global Ratings​

We last affirmed our A+ long term ratings on China in June with stable outlook and there has been no changes to that yet," said S&P in an emailed response to queries from Reuters​

Reuters
Last Updated : Dec 06 2023 | 10:12 AM IST

Ratings agency S&P Global Ratings said on Wednesday there have been no changes in its ratings on China, a day after its peer Moody's downgraded its outlook on the country's credit rating to "negative".
"We last affirmed our A+ long term ratings on China in June with stable outlook and there has been no changes to that yet," said S&P in an emailed response to queries from Reuters.

The firm currently has an A+ rating for China sovereign with a 'stable' outlook.

https://www.business-standard.com/world-news/no-changes-to-china-credit-rating-economic-outlook-s-p-global-ratings-123120600199_1.html

 

[Viet]

China credit rating is detoriating. Vietnam now pays less interests on gov debts than China.
Vietnam 10y gov bond: 2.418%
China 10y gov bond: 2.703%

Ccp lets real estate sector growing too big. if counting all activites it is almost 20 pct of Gdp. a giant bubble. anything more than 10 pct is dangerous.

 

[beijingwalker]

China credit rating is detoriating. Vietnam now pays less interests on gov debts than China.
Vietnam 10y gov bond: 2.418%
China 10y gov bond: 2.703%

Ccp lets real estate sector growing too big. if counting all activites it is almost 20 pct of Gdp. a giant bubble. anything more than 10 pct is dangerous.

Vietnam is not the only country in the world.

 

[Viet]

Vietnam is not the only country in the world.

No of course not. I just draw a comparision. both are similar, one party state.

 

[delta2]

China is the world's economic driving engine. Nothing against Vietnam, but comparing a full sized planet with an apple tree is misleading.

 

[pikkuboss]

China credit rating is detoriating. Vietnam now pays less interests on gov debts than China.
Vietnam 10y gov bond: 2.418%
China 10y gov bond: 2.703%

Ccp lets real estate sector growing too big. if counting all activites it is almost 20 pct of Gdp. a giant bubble. anything more than 10 pct is dangerous.

Vietnam is doing great. Vietnam and India together are carrying the Asian baggage in this recessionary environment.

 

[Menthol]

China credit rating is detoriating. Vietnam now pays less interests on gov debts than China.
Vietnam 10y gov bond: 2.418%
China 10y gov bond: 2.703%

Ccp lets real estate sector growing too big. if counting all activites it is almost 20 pct of Gdp. a giant bubble. anything more than 10 pct is dangerous.

USA is offering more.

The last time I read is 5%.

No wonder if everyone buy USD.

 

[Viet]

View attachment 1034550

USA is offering more.

The last time I read is 5%.

No wonder if everyone buy USD.

Yes buying USD is good but buying US bonds is better. Because the latter pays interests. However there is a problem. not easy to buy US gov debts when you are a small fish.
The US prefers to sell bonds to big players.
As small fish I can buy German gov bonds, no problem, but not US bonds.

 

[etylo]

China credit rating is detoriating. Vietnam now pays less interests on gov debts than China.
Vietnam 10y gov bond: 2.418%
China 10y gov bond: 2.703%

Ccp lets real estate sector growing too big. if counting all activites it is almost 20 pct of Gdp. a giant bubble. anything more than 10 pct is dangerous.

You should be really worried about Vietnam's real estate bubble that has burst now and as a result Vietnam economy is in shambles.

 

[Viet]

You should be really worried about Vietnam's real estate bubble that has burst now and as a result Vietnam economy is in shambles.

Yes but Vietnam problem is of much smaller scale with 7 percent of GDP. While China property market makes up 30 percent of GDP according to Fitch.
That’s a more bigger bubble than I thought.

 

[beijingwalker]

Yes but Vietnam problem is of much smaller scale with 7 percent of GDP. While China property market makes up 30 percent of GDP according to Fitch.
That’s a more bigger bubble than I thought.

6.1 %

 

[Viet]

6.1 %

View attachment 1034648

30 percent according to western accounting standard
You should add all sectors around the property market combined, for example the construction sector.

Chinese real estate may be the world economy’s ‘most important single sector,’ says Fitch. But don’t expect Beijing to save it from crisis

If Beijing is forced to step in to save the economy, that might push Fitch Ratings to consider a downgrade, given a debt-to-GDP ratio that's "a little bit on the high side."

finance.yahoo.com

 

[beijingwalker]

30 percent according to western accounting standard
You should add all sectors around the property market combined, for example the construction sector.

Chinese real estate may be the world economy’s ‘most important single sector,’ says Fitch. But don’t expect Beijing to save it from crisis

If Beijing is forced to step in to save the economy, that might push Fitch Ratings to consider a downgrade, given a debt-to-GDP ratio that's "a little bit on the high side."

finance.yahoo.com

Misleading western media report. the real chart is the official figure, not wild presumptions.

 

[etylo]

30 percent according to western accounting standard
You should add all sectors around the property market combined, for example the construction sector.

Chinese real estate may be the world economy’s ‘most important single sector,’ says Fitch. But don’t expect Beijing to save it from crisis

If Beijing is forced to step in to save the economy, that might push Fitch Ratings to consider a downgrade, given a debt-to-GDP ratio that's "a little bit on the high side."

finance.yahoo.com

Why would you think that China accounts for 30% while Vietnam accounts for only 7%, similar structure, but with huge discrepancy ? There is obviously wrong assumption with one of the two numbers.

 

[Viet]

Misleading western media report. the real chart is the official figure, not wild presumptions.

Fitch is US rating agency.
Do I need to tell you more?
Of course it uses US accounting or international accounting.
The chart you posted is meaningless.

Why would you think that China accounts for 30% while Vietnam accounts for only 7%, similar structure, but with huge discrepancy ? There is obviously wrong assumption with one of the two numbers.

Vietnam is a friend to the US, while you China apparently…not.