Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 34 n° 316

Expert comment on Moody’s cutting China’s outlook to negative

Posted by fidest press agency su giovedì, 3 marzo 2016

pechinoKamel Mellahi, comment on Moody’s cutting China’s outlook to negative. Kamel Mellahi, of Warwick Business School, is a Professor of Strategic Management and researches business in China. Professor Kamel Mellahi said: “While the Aa3 rating is still respectable, the report from Moody’s highlights the slow implementation of necessary and much-needed reforms. The calls for faster and deeper reforms are getting louder.”The concerns are mostly about the speed of reforms rather than the direction of them and that they are not far reaching enough. Also, addressing the underlying causes of the erosion of the country’s foreign reserves as a result of swelling capital outflows, and resolving the government’s debt problem is going to be a painfully long and protracted process. There are no quick and easy solutions to such complex problems.”

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