China says economy ‘stable,’ rejects Fitch Ratings downgrade of its fiscal outlook

BANGKOK (AP) — China’s Finance Ministry denounced a report by Fitch Ratings that kept its sovereign debt rated at A+ but downgraded its outlook to negative, saying Wednesday that China’s deficit is at a moderate and reasonable level and risks are under control. Risks to China’s public finances are rising, Fitch said, as Beijing works […] Read The Rest at :