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China will face Financial Crisis in 2017

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Bloomberg
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A bailout is coming.

 Photographer: Qilai Shen/Bloomberg

On Tuesday night, Moody’s Corp. downgraded China’s sovereign credit rating for the first time in 28 years. In doing so, the rating agency is acknowledging the dragon in the room: China will have to pay the price for its epic debt binge, whatever policymakers do from here.

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Closing date: 
Tuesday, December 26, 2017 - 22:00
Section: 
Business & Science