Fitch Ratings has revised its outlook on China's sovereign credit rating to negative, citing increased risks to public finances and economic growth. The revision reflects concerns over China's rising debt and the uncertainty surrounding its shift to new growth models. Despite these challenges, Fitch affirmed China's 'A+' rating. The agency predicts China's GDP growth will moderate to 4.5% in 2024, down from 5.2% in 2023, and forecasts the general government deficit to increase to 7.1% of GDP by 2024, marking the highest deficit since the 8.6% recorded in 2020. Additionally, Fitch does not foresee prolonged deflation, projecting inflation rates of 0.7% by the end of 2024 and 1.3% by the end of 2025. In response, China's Finance Ministry criticized Fitch's rating system for failing to effectively reflect the positive impact of China's fiscal policy, expressed regret over the revision to a negative outlook, and highlighted debt fears.
#Fitch downgrades #China outlook to negative on economic growth risks Ratings agency Fitch revised its outlook on China's sovereign credit rating to negative on Tuesday, citing risks to public finances as the economy faced increasing uncertainty in its shift to new growth… https://t.co/XQKXc0xPX1
Fitch downgrades outlook on China to negative on economic growth risks https://t.co/zU13mL53nN
BREAKING: Fitch downgrades China outlook to negative on economic growth risks. https://t.co/hPaQaMJuDN
Ratings agency Fitch has downgraded China's sovereign credit outlook to negative, citing increased risks to public finances in a move Beijing called "regrettable". China has struggled for months to kickstart growth as it battles a range of headwinds https://t.co/bvaRAhJ1YE
Fitch downgrades China sovereign credit outlook on debt fears ➡️ https://t.co/Z625w9f125 https://t.co/HG0lhuTJeT
#Fitch downgrades outlook on #China to negative https://t.co/3tzEsApI36
BREAKING: Fitch has cut 🇨🇳 China's sovereign credit rating outlook to negative
Fitch cuts China's ratings outlook on growth risks https://t.co/xzwXewBEKG
Fitch downgrades China sovereign credit outlook on debt fears https://t.co/ehNQPXQohE
Ratings agency Fitch has revised its outlook on China's sovereign credit rating to negative, citing risks to public finances as the economy faces increasing uncertainty in its shift to new growth models. https://t.co/bChM9z2cUC https://t.co/RwPldtj6y6
⚠️BREAKING: *FITCH CUTS CHINA'S OUTLOOK TO 'NEGATIVE' ON RISKS FROM DEBT, WEAK GROWTH 🇨🇳🇨🇳 https://t.co/WwWailZa1j
Fitch revises its outlook for China’s sovereign rating to negative https://t.co/PeR8rEXZBA
Fitch cuts China's credit rating outlook on rising debt Fitch Ratings has revised its outlook on China's sovereign credit rating to negative, citing risks to public finances amid the country's shift to new growth models. Despite this, Fitch affirmed China's Long-Term…
Analyst comments after Fitch downgrades China rating outlook https://t.co/D9XRgiXP39 https://t.co/2jadJ8EzTa
⚠️ ANALYST COMMENTS AFTER FITCH DOWNGRADES CHINA RATING OUTLOOK Full Story → https://t.co/6NHtJb9Da8 Ratings agency Fitch revised its outlook on China's sovereign credit rating to negative on Wednesday, citing risks to public finances as the economy faced increasing… https://t.co/tGWm2vKQPK
Fitch downgrades outlook on #China to negative, affirms 'A' rating: All you need to know https://t.co/4uKpgoO8On https://t.co/8LzS92XPhu
⚠️ ANALYST COMMENTS AFTER FITCH DOWNGRADES CHINA RATING OUTLOOK Full Story → https://t.co/6NHtJb9Da8
#NDTVWorld | Fitch downgrades China sovereign credit outlook to negative (reported by news agency AFP) #NewsAlert #China #FitchRatings
🇨🇳 Fitch downgrades outlook on #China to negative on economic growth risks – Reuters https://t.co/8BLP3puEIU
#BREAKING #Fitch Ratings lowered outlook on #China's sovereign credit rating to negative, citing risks to public finances, affirmed IDR rating at 'A+'.
Fitch Ratings revised the outlook on China’s long-term foreign debt to negative from stable, citing increasing risks to the country’s public finance prospects https://t.co/HW2U8RozjC
Ratings agency Fitch revised its outlook on China's sovereign credit rating to negative, citing risks to public finances as the economy faced increasing uncertainty in its shift to new growth models https://t.co/8QsoCxAIVC
Ratings agency Fitch revised its outlook on China's sovereign credit rating to negative, citing risks to public finances as the economy faced increasing uncertainty in its shift to new growth models. More here: https://t.co/GFIcsStP0k
Fitch Cuts China Outlook to Negative on Steady Rise in Debt https://t.co/day7qpPdbv
CHINA FINANCE MINISTRY: FITCH'S RATING SYSTEM FAILS TO EFFECTIVELY REFLET POSITIVE EFFECT OF CHINA'S FISICAL POLICY
🔴 CHINA FINANCE MINISTRY CRITICIZES FITCH'S RATING SYSTEM FOR FAILING TO REFLECT POSITIVE EFFECT OF FISCAL POLICY
CHINA FINANCE MINISTRY: REGRETS TO SEE FITCH REVISING OUTLOOK ON CHINA TO NEGATIVE
🔴 CHINA FINANCE MINISTRY REGRETS FITCH'S REVISION OF OUTLOOK TO NEGATIVE
Fitch downgrades outlook on China to negative, affirms 'A+' rating https://t.co/41SMtitasR https://t.co/oS8VRdzQie
#BREAKING FITCH REVISES OUTLOOK ON #CHINA TO NEGATIVE; AFFIRMS AT 'A+'.
Breaking News: Fitch revises outlook on China to negative https://t.co/uWwTwaQGrs
⚠️ FITCH DOWNGRADES OUTLOOK ON CHINA TO NEGATIVE, AFFIRMS 'A+' RATING Full Story → https://t.co/tGrJbNUSGV
FITCH ON CHINA- FORECASTS GDP GROWTH TO MODERATE TO 4.5% IN 2024, FROM 5.2% IN 2023
Fitch slaps NEGATIVE outlook on China! $fxi $hsi $cny $es $nq $kweb https://t.co/5pRlyqvAsG
🔴 FITCH ON CHINA: NO PROLONGED DEFLATION FORECASTED, WITH INFLATION AT 0.7% BY END-2024 AND 1.3% BY END-2025
#BREAKING FITCH REVISES OUTLOOK ON #CHINA TO NEGATIVE; AFFIRMS AT 'A+
🔴 FITCH FORECASTS CHINA'S GDP GROWTH TO MODERATE TO 4.5% IN 2024, DOWN FROM 5.2% IN 2023.
Fitch Revises Outlook On China To Negative; Affirms At 'A+' https://t.co/eLHh9Zr49S
🔴 FITCH: CHINA'S 2024 DEFICIT TO BE HIGHEST SINCE 8.6% OF GDP DEFICIT IN 2020
🔴 FITCH AFFIRMS CHINA AT 'A+'; REVISES OUTLOOK TO NEGATIVE
🔴 FITCH PREDICTS CHINA'S GENERAL GOVERNMENT DEFICIT TO INCREASE TO 7.1% OF GDP BY 2024.
*FITCH REVISES OUTLOOK ON CHINA TO NEGATIVE; AFFIRMS AT 'A+'
🔴 FITCH RATINGS REVISES OUTLOOK DUE TO GROWING RISK TO CHINA'S PUBLIC FINANCE FUTURE
China’s growth forecast raised The country’s economy is projected to expand by 5.3% next year, according to a macroeconomic research agency https://t.co/G4SsclaWqn https://t.co/dEnp5gJDEO