China says economy 'stable,' rejects Fitch Ratings downgrade of its fiscal outlook
by Elaine Kurtenbach
Apr 10, 2024
2 minutes
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 's public finances are rising, Fitch said, as works to resolve mounting local and regional government
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