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Fitch downgrades China sovereign credit outlook to negative

By Inquirer - 8 months ago
BEIJING, China — Ratings agency Fitch said Wednesday it had downgraded China’s sovereign credit outlook to negative, citing increased risks to the country’s public finances. The “outlook revision reflects increasing risks to China’s public finance outlook as the country contends with more uncertain economic prospects”, it said in a press statement. “Wide fiscal deficits and

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