Ministry of Finance says it is a ‘pity’ to see Fitch Ratings revise the outlook on China’s sovereign debt from stable to negative due to concerns over property and public finance stress.
Monthly Archives For April 2024
Fitch cuts China’s credit outlook to negative on public finance risks
Fitch Ratings has cut its outlook on China’s long-term foreign debt to negative from stable, reflecting the growing risks to the country’s public finances, but affirmed its A+ rating. The rating …
Inflationary pressures have ‘lessened substantially’, says Tesco; Fitch downgrades China’s outlook to negative – business live
Rolling coverage of the latest economic and financial news …
China ranks third in Brand Finance’s ‘Global Soft Power Index 2024’
The country’s significant improvement in the pillars of “Business and Trade” and “Education and Science” has contributed to its rise in the index …
Explainer: China’s dominance in wind turbine manufacturing
The European Union will investigate subsidies received by Chinese suppliers of wind turbines destined for Europe, the bloc’s anti-trust commissioner, Margrethe Vestager, has said.
China’s auto factory capacity is not growing fast, industry group says
Chinese auto factories’ capacity is not growing fast and idled capacity is being closed instead, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Wednesday.
Fitch Ratings Cuts Outlook for China’s Long-Term Foreign Debt to Negative
Fitch Ratings analysts have revised their outlook for China’s long-term foreign debt to negative, citing rising risks to public finances.
Fitch downgrades China’s outlook over economic worries
Fitch downgraded its outlook on China’s credit rating on Tuesday, citing increasing risks to its finances as it faces economic challenges.
China has been closing idled auto output capacity, industry body says
China’s auto factories had a capacity utilisation rate of more 70% in 2023 and idled capacity is being closed, a senior official of the China Association of Automobile Manufacturers (CAAM) said on …
‘World of Warcraft’ and other hit games return to China as Blizzard and NetEase end dispute
China’s gaming giant NetEase will bring back the iconic “World of Warcraft” and other popular video games by Blizzard Entertainment to the country, the two companies said in a statement Wednesday.
Stock market today: Asian markets are mixed, Shanghai falls as Fitch lowers China’s rating outlook
Shares are mixed in Asia after U.S. stock indexes held at a near standstill ahead of some potentially market-moving reports …
To Rule the Seas, China Needed a Major Tech Breakthrough—It May Have Just Found One
China’s most advanced warship yet has unlocked a fearsome new way to launch fighter jets. Is it enough to rival the U.S. Navy?
Xixi Pictures Sets Its Sights on Building a Global Brand for Chinese TV Drama
CEO Yang Xiaopei says the company is keeping a keen eye on international viewing trends to expand its audience: “Our goal is to move beyond the clichés of traditional storytelling.” …
