Fitch cuts China’s ratings outlook on growth risks, debt fears
Fitch Ratings Agency on Wednesday cut China's sovereign credit outlook to negative, pointing to escalating risks surrounding the country's public finances. This decision, which Beijing quickly labeled as "regrettable," underscores the mounting concerns over China's economic stability, especially amid a persistent property sector crisis threatening broader financial repercussions.Economic headwinds and policy responsesChinese authorities have been grappling with stimulating economic growth while navigating through various challenges, including the real estate sector's downturn.Despite deploying targeted measures and issuing billions in sovereign bonds to fuel infrastructure and consumer spending, experts argue that significant additional efforts are required.In a recent economic target set...