One of China's Harvard-Trained Leading Economists Calls Moody's Analysis of Chinese Economy Unprofessional

One of China's Harvard-Trained Leading Economists Calls Moody's Analysis of Chinese Economy Unprofessional

Yicai Global

Date: Fri, 06/30/2017 - 17:49 / source:Yicai
One of China's Harvard-Trained Leading Economists Calls Moody's Analysis of Chinese Economy Unprofessional
One of China's Harvard-Trained Leading Economists Calls Moody's Analysis of Chinese Economy Unprofessional
(Yicai Global) June 30 -- A Harvard-trained Chinese economist sharply criticized at the Summer Davos Forum international credit rating agency Moody’s recent downgrading of China’s credit. "Moody's downgrading of China is just like ‘a short man who does not play basketball criticizing Michael Jordan,’ and cannot be taken seriously," said Li Daokui, a former monetary committee member at the People’s Bank of China (PBOC), China’s central bank.

In an exclusive interview with Yicai Global, Li said Moody's has been operating in the United States for about 100 years and that its analysis on America, local companies and local debt would be naturally right and that we do not doubt it.

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Keywords: Moody’s, sovereign debt rating, Economy, Analyze, RESEARCH, expert, Credit