The other credit risk to watch in China: Fintech-fuelled debt
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RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
Subject: The other credit risk to watch in China: Fintech-fuelled debt Mon May 29, 2017 11:00 pm
China's government has copped what Scott Morrison is so desperate to avoid: a credit rating downgrade.
But in the discussion about Moody's surprise move last week to cut its rating for our biggest trading partner, there's one word that has been notably absent, even though it's a risk of growing importance to investors and officials. That word is "fintech".