J.D. Hall
United States
Oklahoma
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As the article points out, it's a bit of an embarrassment for leaders of the Communist Party, coming just a few weeks before a major meeting of the Party.

http://money.cnn.com/2017/09/21/investing/china-credit-ratin...

I am certainly no economist (C+ in my 2000-level macro-economics course), but the People's Republic's economy seems a bit 1920ish to me. The difference, of course, was that in 1929, stockbrokers jumped out of windows. In China, they'll get tossed off roofs.
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Mike Stiles
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remorseless1 wrote:
As the article points out, it's a bit of an embarrassment for leaders of the Communist Party, coming just a few weeks before a major meeting of the Party.

http://money.cnn.com/2017/09/21/investing/china-credit-ratin...

I am certainly no economist (C+ in my 2000-level macro-economics course), but the People's Republic's economy seems a bit 1920ish to me. The difference, of course, was that in 1929, stockbrokers jumped out of windows. In China, they'll get tossed off roofs.


China has a general problem with being a pre-war nation with post war tech (see their somewhat bizarre and colonialist irredentism).

 
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Junior McSpiffy
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Riverton
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So does their bond rating change affect our debt to them in any way? Is it likely to shift currency values so that our debt is effectively less?
 
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John Hathorn
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GameCrossing wrote:
So does their bond rating change affect our debt to them in any way? Is it likely to shift currency values so that our debt is effectively less?
Isn't their currency tied to the dollar and not floating?
 
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Wendell
United States
Yellow Springs
Ohio
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Si non potes reperire Berolini in tabula, ludens essetis non WIF.
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Hey, get your stinking cursor off my face! I got nukes, you know.
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JohnnyOffice wrote:
GameCrossing wrote:
So does their bond rating change affect our debt to them in any way? Is it likely to shift currency values so that our debt is effectively less?
Isn't their currency tied to the dollar and not floating?


Nah, RMB hasn't been tied to the US$ for years. It's set to a basket of currencies and floats in a range.
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