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/RATINGS: Fitch Ratings: Coronavirus Set to...>

CHINA
CHINA: /RATINGS: Fitch Ratings: Coronavirus Set to Dampen China's Economic
Growth
- The ongoing coronavirus outbreak will dampen economic growth in China this
year, but the scale of the impact remains uncertain and will depend on the
duration and intensity of the health crisis, says Fitch Ratings. If the
government were to launch a large-scale stimulus to offset the effects of the
epidemic, it could have an adverse effect on other policy goals such as reducing
financial risk. However, we believe that the government is only likely to do so
if the economic impact of the virus proves to be substantially larger than the
SARS outbreak in 2003.
- Link: https://www.fitchratings.com/site/pr/10109959
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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