China backs economic rebound despite ratings downgrade

Updated December 5 2023 - 7:55pm, first published 7:52pm
Moody's cited lower medium-term economic growth in cutting China's government credit outlook. (AP PHOTO)
Moody's cited lower medium-term economic growth in cutting China's government credit outlook. (AP PHOTO)

Ratings agency Moody's has cut its outlook on China's government credit ratings to negative from stable, citing lower medium-term economic growth and risks from a major correction in the country's vast property sector.

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