Latest News

Moody's downgrades outlook on China credit rating over debt fears
Moody's downgrades outlook on China credit rating over debt fears
Economy
by  AFP

Ratings agency Moody's on Tuesday downgraded the outlook on China's credit rating to "negative" from "stable" on the back of rising debt in the world's second-largest economy, with Beijing saying it was "disappointed" by the move. Beijing's finance ministry said in response it was "disappointed with Moody's decision".