China 's leaders have struggled to kickstart growth in the world's number two economy as it faces several headwinds, including a crisis in the property sector. Photo: STR / AFPRatings agency Fitch said Wednesday it had downgraded China 's sovereign credit outlook to negative, citing increased risks to the country's public finances , in a move Beijing swiftly called"regrettable".
Policymakers have announced a series of targeted measures as well as the issuance of billions of dollars in sovereign bonds, aimed at boosting infrastructure spending and spurring consumption, but analysts have said much more needs to be done.Fitch said its outlook revision"reflects increasing risks to China's public finance outlook" as the country"contends with more uncertain economic prospects".
Source: Loan Digest (loandigest.net)
China Fitch Sovereign Credit Negative Outlook Public Finances Economic Growth Property Sector Crisis
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