Moody's downgrades outlook on China credit rating over debt fears
- Moody's has downgraded the outlook on China's credit rating from "stable" to "negative," citing risks to fiscal, economic, and institutional strength.
- The downgrade reflects evidence of financial support for stressed regional and local governments and state-owned enterprises.
- China's post-pandemic recovery is hindered by weak confidence, a housing crisis, youth unemployment, and a global slowdown. Annual growth is expected to be 4%-5%.
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Total News Sources0
Leaning Left15Leaning Right14Center22Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 29%
C 43%
R 28%
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