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Fitch Affirms China's 'A' Rating with Stable Outlook
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Fitch Ratings has affirmed China's Long-Term Issuer Default Rating (IDR) at "A" with a Stable Outlook. China's rating reflects its large and diversified economy, which continues to underpin a solid GDP growth outlook compared with peers at the same rating level, as the country transitions towards new growth drivers in the advanced manufacturing and technology sectors, Fitch stated. The rating is also supported by China's pivotal role in global trade and its strong external financial position. Fitch added that these strengths face challenges from the medium-term public finance outlook, including high deficits, declining revenue, rising debt, and persistent contingent liability risks related to the economy's overall high leverage, although low financing costs mitigate these risks. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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