SHANGHAI/HONG KONG -- Moody's Investors Service on Wednesday signaled potential downgrades in credit ratings for dozens of Chinese government-backed entities funding infrastructure development, as well as for state-owned banks and the regions of Hong Kong and Macao.
China debt crunch
China's hidden debt spurs warnings of more Moody's downgrades
Governing financing vehicles, banks and Hong Kong face outlook cuts
A high-rise project in Tianjin is abandoned partway through construction. Hidden debt has emerged as a major concern in China's struggling property sector. (Photo by Noriyuki Doi)
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