摘要
本文梳理并比较了近期惠誉与穆迪分别下调中国主权信用评级与前景展望的原因;其次分析了中国经济存在的两大潜在风险:过高的企业杠杆率难以维系,以及地方财政、商业银行体系与房地产行业的相互绑定。最后,本文提出了应对中国经济去杠杆化过程中潜在风险的政策建议。
The paper collates and compares reasons for the recent cut in China's sovereign credit rating by Fitch and the downgraded outlook by Moody's.In addition,the paper also provides an analysis of two potential risks to China's economy:the excessive leveraging of domestic enterprises and the close links among local government finances,the commercial banking system and the real estate sector.Lastly,the paper proposes policy recommendations to address potential risks to China's economy in the deleveraging process.
出处
《金融市场研究》
2013年第5期4-9,共6页
Financial Market Research
关键词
主权信用评级
去杠杆化
风险
sovereign credit rating
deleveraging
risks
