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信用評等機構穆迪週二將中國展望評級從“穩定”下調至“負面”,以對應中國高債務水準和結構性經濟成長放緩相關的風險增加。
穆迪說明其舉幾個因素: 首先是政府支出增加以及對陷入困境的地方政府和國有企業的支持,擴大財政壓力。 其次是佔GDP 25%的中國房地產開發行業持續存在危機。 由於主要開發商面臨破產和房價暴跌,整個經濟有外溢風險。
此次下調亦反應穆迪長期觀點,即中國未來幾年的潛在成長速度可能放緩,到2030年可能成長約3.5% 左右。這是由人口趨勢以及從投資主導型成長模式向消費驅動型成長模式轉型所推動的過程。
對此,中國財政部表示失望,並認為疫情後宏觀經濟持續復甦,穆迪對成長和財政問題的擔憂是不必要的。
儘管中國 2023 年第三季 GDP 成長 4.9%,超出市場預期4.4%,信評機構依然進行評級調整。 其總體經濟可能需要進行重大改革來刺激消費、提高生產力以抵消房地產行業的下滑。
追蹤中國上海和深圳證券交易所上市50家最大 A 股市值公司的市場指數 FTSE A50 在報告發佈後擴大跌幅並觸及今年以來的新低。

(新華富時中國A50指數年線圖)
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隨時隨地留意市場動態
市場易受供求關系變化的影響
對關注價格波動的投資者極具吸引力
流動性兼顧深度與多元化,無隱藏費用
無對賭模式,不重新報價
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