Fitch affirms China ratings at ‘A+’ with stable outlook

They affirmed China’s ratings at ‘A+’, supported by factors including the country’s robust external finances. Adding that they forecast activity to recover in 2H 2022 and for China’s economy to grow by 5.2% next year.

That said, they are seeing increasing downside risks to its forecast for the Chinese economy to be able to grow by 4.3% this year.

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