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| Economists are confident that real estate won’t put a spanner in China’s works |
China’s country risk score hovers at the top of the third tier in the Euromoney Country Risk rankings, pushing at the ceiling that divides it from the second – a surprising result, given its much heralded economic development and global status.
Within ECR’s rankings, countries with credit ratings between A minus and double A, as China has, tend to fall into tier 2 (ECR score of 65 to under 82). Tier 2 countries are developed market economies that usually have an established history of democratic rule. True, their economies might not be blemish-free – the Switzerlands and Norways of this world are found in tier 1 (score of 82 plus out of 100) – but they tend to work.
Countries in ECR tier 3 (scoring 50 to under 65),...
