Business
Fitch Cuts China Outlook to Negative on Steady Rise in Debt
![Fitch Cuts China Outlook to Negative on Steady Rise in Debt Fitch Cuts China Outlook to Negative on Steady Rise in Debt](https://goodwordnews.com/wp-content/uploads/2024/04/1712748572_1200x800.jpg)
Fitch Ratings revised China’s outlook to negative from stable, saying the government risks accumulating debt as it seeks to steer the economy out of a real estate-driven slowdown.
Growing uncertainty about the outlook for the world’s second-largest economy, amid Beijing’s desire to make growth less dependent on housing, “could keep debt on a steady upward trend,” Fitch said on Wednesday.
News Source : www.bloomberg.com
Gn bussni