Moody's: China's SOE reform to continue at gradual pace; credit implications vary across sectors
Hong Kong, December 13, 2016-- Moody's Investors Service says that China's reform of state-owned enterprises will continue at a gradual pace, given the need to balance the central governments' multiple commitments and other reform objectives. While this gradual pace of reform has supported the credit quality of rated SOEs in recent months, the measures will have mixed credit implications in the longer term for the sovereign, banks and corporates. "The authorities have issued...
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