Fitch cuts China’s outlook to ‘Negative’ on risks from debt, weak growth

Investing.com-- Fitch Ratings downgraded China’s credit rating outlook on Wednesday, citing concerns over growing public debt and slowing growth in the world’s second-largest economy.

While the headwinds are expected to be somewhat offset by increased fiscal stimulus, this also presents a higher outlook for debt. Concerns over slowing economic growth in China have grown in recent months, especially as a post-COVID rebound failed to materialize in 2023. A sustained downturn in the country’s key property market- which accounts for a quarter of GDP- has also dented China’s outlook, especially amid a wave of major defaults in the sector.

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