S&P Flags Credit-Boom Risks in China Amid Trade War

S&P Flags Credit-Boom Risks in China Amid Trade War
A CRH (China Railway High-speed) bullet train runs past Beijing's central business area on Dec. 13, 2017. Jason Lee/Reuters
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TOKYO—Standard & Poor’s on Nov. 29 expressed concern that China’s sovereign rating could face pressure if policymakers revert to rapid credit growth to shield the economy from the impact of a trade war with the United States.

The row between the world’s two largest economies over tariffs and market access is unlikely to trigger a downgrade for China next year, said Kim Eng Tan, S&P’s Asia-Pacific senior director of sovereign ratings.