The international rating agency is of the view that the China is now facing the downgrade risk brought by its debts.

ANBOUND's scholars are of the view that while maintaining a medium-high rate of economic growth, China is also facing with rising debt level, particularly the worsening corporate debts that pile up the bank’s bad loan which in turn increase the possibility of debt default.

Standard & Poor’s warning is a signal that the China is still shadowed by the possibility of rating downgrade.