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​Moody's China Downgrade “Unnecessary” - Ministry

CHINA PRESS

Moody's downgrade of China’s rating outlook over concerns about economic growth prospects and fiscal sustainability was unnecessary, according to officials from the Ministry of Finance. In an interview with 21st Century Business Herald, authorities emphasised China’s long-term fundamentals have not changed and will remain an important global economic growth engine in future. The ministry noted effects from the pandemic are beginning to fade and new growth drivers are taking effect.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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