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Ratings agency Fitch lowers China’s sovereign credit outlook to negative

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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.

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Category
World
Tags
Al Jazeera, Al Jazeera English, Beijing
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