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Chinese Bad Banks Downgraded by Moody’s as Huarong Cut to Junk (ca.finance.yahoo.com)

posted 1 year ago by seernewday 1 year ago by seernewday +107 / -0

Chinese Bad Banks Downgraded by Moody’s as Huarong Cut to Junk

(Bloomberg) -- China’s largest bad-debt managers suffered Moody’s Investors Service’s rating downgrades that cut China Huarong Asset Management Co. to junk status, over concerns about the property crisis. Most Read from BloombergPutin Orders Hunt for Prope...

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– seernewday [S] 3 points 1 year ago +3 / -0

In a Jan. 17 letter to President Biden and Environmental Protection Agency (EPA) Administrator Michael Regan, the group of national security experts said they oppose the Biden administration’s aggressive EV push because Chinese dominance of EV supply chains poses national security risks for the United States.

https://www.zerohedge.com/energy/national-security-experts-raise-alarm-over-bidens-ev-push

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