Talk:Peoples Republic of China
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Podrán tener dinero, pero a qué precio humano y medioambiental?
Translation into english (with Google Translate):
- Rating a country should not be treated as an award on a political system, religious belief, or cause, even if those reasons sound fair. Sovereign Rating is purely about State Finance, the related Policies, and among other things the capacity of a country to sustain growth and keep its debt-to-GDP ratio at reasonnable levels in face of its outlook, and how efficienclty its policies can help achieve that.
--Jacques Deguest (talk) 08:22, 9 April 2012 (CET)
China is not transparent in its economy. The numbers (7.5%) they release on their projected GDP growth rate are casted with strong scepticism within China and among Chinese economy experts and Hedge Fund specialists on China.
Furthermore, China may have officially little debt on its balance sheet, but the provinces and municipalities are crippled with debt and China is backing them. It is reasonnably estimated that by consolidating all those debts at the state level, China would have a debt to GDP ratio in the viccinity of 160%.
So, the uncertainty of the number claimed by the government and the high debt ratio, and on top a declining growth with little in-house brands to sustain export, can only yield conservatively a BBB-.
--Jacques Deguest (talk) 06:09, 9 April 2012 (CET)