🧵 1. Confidence in China's financial markets is declining as the central bank injects cash following interest rate cuts, warns Fitch Ratings. #finance
🧵 1. Confidence in China's financial markets is declining as the central bank injects cash following interest rate cuts, warns Fitch Ratings. #finance
🧵 2. Fitch Ratings says it may reconsider China's A+ credit rating due to high debt-to-GDP ratio if non-government debt liabilities increase.
🧵 3. China's new loans in July hit the lowest since 2009, adding to concerns about the country's faltering economic recovery.
🧵 4. The People's Bank of China cuts interest rates to stimulate the economy, signaling policymakers' panic as dominoes appear to fall.
🧵 5. Massive debt load in China poses challenges for economic stimulation, leaving helicopter money as a potential solution, says Becky Liu of Standard Chartered Bank.
🧵 Read more at: https://www.zerohedge.com/markets/fitch-may-reassess-chinas-credit-rating-if-debts-balloon-economy-falters