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Apr 10, 2024 - 08:05
By asia.nikkei.com

Fitch downgrades China outlook to negative on economic growth risks

BEIJING, April 10 (Reuters) -- Fitch cut its outlook on China's sovereign credit rating to negative on Wednesday, citing risks to public finances as the economy faces increasing uncertainty in its shift to new growth models.

The downgrade follows a similar move by Moody's in December and comes as Beijing ratchets up efforts to spur a feeble post-COVID recovery in the world's second-largest economy with fiscal and monetary support.