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Prodding China to continue its deleveraging efforts

Country's rapid debt accumulation has led S&P to downgrade its sovereign rating

Singapore

S&P GLOBAL Ratings downgraded China's long-term sovereign credit rating by one notch on Sept 21 to A+ from AA-.

The move was not a surprise because the concerns that S&P cited, namely increasing risks from China's rapid debt accumulation, have been known to the...

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