OpinionThinking About China

Moody’s Recognizes the Reality of China’s Debt Problems

This credit-rating agency has finally acknowledged China’s intensifying problems of the past 24 months and downgraded the country’s debt outlook.
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Moody’s Recognizes the Reality of China’s Debt Problems
Removed company signage (top L) is seen in a general view of the unoccupied Evergrande Center building in Shanghai on July 27, 2022. Hector Retamal/AFP via Getty Images
Milton Ezrati
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Commentary

Moody’s recently underscored China’s increasingly severe credit problems, announcing that it'll change the outlook on the country’s debt from “stable” to “negative.”

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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