S&P Global has warned that a weak recovery in China could potentially lead to a downgrade in the country's credit rating. The global ratings agency highlighted concerns about the pace of China's economic recovery following the impact of the COVID-19 pandemic.
China, the world's second-largest economy, experienced a sharp slowdown in growth due to the pandemic, with GDP contracting by 6.8% in the first quarter of 2020. While the country has since shown signs of recovery, S&P Global cautioned that the pace of this recovery remains uncertain.
