Business
Fitch Cuts China Outlook to Negative on Steady Rise in Debt
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
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