Fitch downgrades China credit outlook

By Agence France-Presse

Apr 11, 2024 12:32 am

BEIJING: Ratings agency Fitch said Wednesday it had downgraded China's sovereign credit outlook to negative, citing increased risks to the country's public finances, in a move Beijing swiftly called 'regrettable.'

Chinese officials have struggled for months to kickstart economic growth as they battle a range of headwinds, particularly a prolonged property sector crisis that has fueled fears of wider contagion.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Economic team sees growth despite politics

Budget balance swings to P6.3B surplus in Oct

US Fed cites reasons to go slow on rate cuts

BSP policy easing boosts local bond market

Farmers seek carabeef ban from India

Seized frozen products to relief ops

Buying local this holiday season