The ratings agency cut its view of the country’s finances to negative, saying it was concerned about the potential cost of local government bailouts.
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Bank of China eyes de-dollarization move in Africa, pushing the yuan in a top copper producer
The Bank of China’s office in Zambia is pushing to increase trade using the yuan in Africa’s second-largest copper producer.
Moody’s cuts China credit outlook, warns of lower growth, property crisis
China’s blue-chip stocks slumped to nearly five-year lows on Tuesday amid worries about the country’s growth, with talk of a possible cut by Moody’s denting sentiment during the …
China’s credit rating outlook cut to negative by Moody’s, with concerns raised about the nation’s debt levels
The impact of the property downturn is well under control, the finance ministry said in a statement. The change in Moody’s thinking comes as China’s deepening property rout triggers a shift toward fiscal stimulus, with…
China finance ministry: ‘disappointed’ by Moody’s downgrade of ratings outlook
China’s finance ministry said on Tuesday it is “disappointed” by Moody’s downgrade of the country’s ratings outlook. “Moody’s concerns about China’s economic growth prospects, fiscal sustainability and other aspects are unnecessary,” the ministry said.
COP28: Should India and China benefit from a climate damage fund?
China is the top emitter of greenhouse gases in the world … developing countries would need over $300bn annually to fight climate change. “Loss and damage finance needs are closely connected to our ability to…
China’s Finance Ministry: Economy will maintain its rebound and positive trend
China’s Finance Ministry said in a statement on Tuesday, the “economy will maintain its rebound and positive trend.” Moody’s concerns about China’s economic growth prospects, fiscal sustainability and other aspects are ‘unnecessary’.
China’s battered economy suffers another blow as Moody’s slashes its credit outlook
Beijing has rolled out stimulus packages and ramped up borrowing in a bid to support the embattled Chinese economy this year.
Beijing CBD named China’s top competitive business district
Beijing’s central business district (CBD) was ranked the most competitive among all such business districts across the country, according to a latest ranking by Forbes China. It is followed by CBDs of …
China’s Colossal Hidden-Debt Problem Is Coming to a Head
China is trying to defuse a financial time bomb that could severely damage its banking system. Cities and provinces across the country have accumulated a massive amount of hidden debt following years …
Should India and China receive or pay climate damage fund?
Despite being major polluters, India and China argue they have vulnerable populations that need help.
After Israel and Ukraine, Taiwan business leaders fear Taipei-Beijing tensions may trigger the next geopolitical conflict
Experts fret about what would happen to technology production if TSMC’s foundries fell into Beijing’s hands. A blockade of the island alone would cost the global economy $2 trillion, according to a …
China’s credit reshuffle aims to squelch risk, restore confidence as recovery lags
The Henan Rural Commercial United Bank, with registered capital of 6 billion yuan (US$847.2 million) when it was launched in October, is the fourth institution of its kind to be set up as part of…
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