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The Independent UK
The Independent UK
National
Zen Soo

Moody's cuts China credit outlook to negative, cites slowing economic growth, property crisis

Moody China Economic Growth Economy Bonds
Xinhua

Credit rating agency Moody’s cut its outlook for Chinese sovereign bonds to negative on Tuesday, citing risks from a slowing economy and a crisis in its property sector.

Moody’s said the downgrade, its first for China since 2017, reflects risks from financing troubles of local and regional governments and state-owned enterprises.

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