Ratings agency Fitch lowers China’s sovereign credit outlook to negative
Fitch Ratings has downgraded China’s sovereign credit outlook to negative, prompting pushback from Beijing.
The downgrade reflects “increasing risks to China’s public finance outlook” as the country attempts to move away from real estate-led growth, the New York-based rating agency said on Wednesday.
China’s Ministry of Finance said it was “disappointed” with the decision.
Al Jazeera’s Katrina Yu reports from Beijing.
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: https://www.aljazeera.com/
Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/
Download AJE Mobile App: https://aje.io/AJEMobile
#FitchRatings #Fitch #China #SovereignCredit #CreditRating #Economy #EconomicOutlook #ChinaEconomicOutlook #ChinaEconomy #ChinaConfidenceCrisis #ChinaPropertyCrisis #GNP #CreditRatingChina #PublicFinances
