Fitch Downgrades China's Credit Outlook to Negative Amid Economic Concerns

The ratings agency cites increased public finance risks and economic uncertainty, while Beijing deems the decision 'regrettable'.

Fitch Ratings downgraded China's sovereign credit outlook to negative, citing increased risks to public finances and economic uncertainty.
Beijing responded to the downgrade by calling it 'regrettable' and criticized Fitch's methodology, asserting efforts to promote economic growth.
The downgrade reflects concerns over China's property sector crisis, fiscal deficits, and rising government debt.
China's finance ministry emphasizes its commitment to economic stability, with measures to boost infrastructure spending and consumption.
Fitch affirmed China's credit rating at A+, highlighting the country's economic strengths but also pointing to challenges such as high leverage and fiscal pressures.