Several policy announcements by China should reduce downside risks to its growth, according to Fitch Ratings, which said no upgrades are needed to its China real GDP growth forecasts of 4.8 per cent in 2024 and 4.5 per cent in 2025.
However, uncertainty persists around the magnitude and form of fiscal response, it noted.
A rising debt-to-GDP ratio could trigger further negative rating action.
However, uncertainty persists around the magnitude and form of fiscal response, it noted.
A rising debt-to-GDP ratio could trigger further negative rating action.
