Fitch Downgrades China's Credit Rating Amidst Economic Strain and Rising Debt Worries

In a significant financial move, Fitch Ratings has lowered China's long-term credit rating from "A+" to "A" due to increasing concerns over the nation’s economic stability and mounting debt issues. This downgrade is a reflection of the ongoing challenges the Chinese economy is facing, particularly as the global economic landscape continues to fluctuate.

Continue reading