Financial Times on Nostr: Fitch cuts China credit outlook to negative on ‘uncertain economic prospects’ ...
Fitch cuts China credit outlook to negative on ‘uncertain economic prospects’
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Fitch Ratings has downgraded China's credit outlook to negative due to 'uncertain economic prospects'. The rating agency cited concerns over China's high debt levels, slowing economic growth, and the impact of the US-China trade war. Fitch also noted that the Chinese government's efforts to stimulate the economy could lead to a further increase in debt. The downgrade comes as China's economy faces challenges such as rising inflation, a property market slowdown, and a crackdown on tech companies. Fitch's negative outlook indicates a higher likelihood of a credit rating downgrade in the future.
https://www.ft.com/content/f0fa0b49-c8e9-4a83-9750-b32a07c1dfe1
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Fitch Ratings has downgraded China's credit outlook to negative due to 'uncertain economic prospects'. The rating agency cited concerns over China's high debt levels, slowing economic growth, and the impact of the US-China trade war. Fitch also noted that the Chinese government's efforts to stimulate the economy could lead to a further increase in debt. The downgrade comes as China's economy faces challenges such as rising inflation, a property market slowdown, and a crackdown on tech companies. Fitch's negative outlook indicates a higher likelihood of a credit rating downgrade in the future.
https://www.ft.com/content/f0fa0b49-c8e9-4a83-9750-b32a07c1dfe1