Sour loans won't derail China's finance system, Moody's says

06/29/2010 | Bloomberg

Real estate and local-government financing vehicles are going to put pressure on China's banks, but they won't derail the entire system, Moody's Investors Service, says. The impact to the central government's balance sheet will be "moderate," says Tom Byrne, with Moody's sovereign risk unit. The losses are likely to post in 2012 or 2013, he adds.

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