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Agency: China's rating at A + with a stable outlook
7/15/2017 0:00
Reuters / Follow - up to the morning
kept the Fitch credit ratings on Friday classified China at A + with a stable outlook, pointing to the strength of the external financial situation of the state and macroeconomic factors.
Fitch indicated that growth opportunities in the short term remains favorable and that economic policies have been effective in dealing with a number of internal and external pressures over the past year.
He predicted 65 economically polled by Reuters China 's economic growth of 6.6 percent this year , surpassing the government 's target of around 6.5 percent.
But Fitch said: The huge and growing debt in the non - financial sector and low levels of credit quality of the banks listed by Fitch in the financial system of China are still the most prominent global risk in the sovereign rating of China.
Stated that there are three international agencies responsible for granting credit ratings for countries which both Fitch and Moody 's , Standrdr & P.
The agency Moody 's is the other had been reduced in May to China 's sovereign classification grade one stands at the same level with Fitch Ratings.
Thus it became the Standard & Poor 's rating by one notch higher than the other agencies.
On the other hand the Chinese Bureau of Statistics said on Friday he had revised the way GDP account for the country to include health care, tourism and the new economy contributions; the previous time the office modifies the way GDP account in 2002
and announced the National Bureau of Statistics GDP data for the second quarter of the year on Monday.
http://www.alsabaah.iq/ArticleShow.aspx?ID=140640
7/15/2017 0:00
Reuters / Follow - up to the morning
kept the Fitch credit ratings on Friday classified China at A + with a stable outlook, pointing to the strength of the external financial situation of the state and macroeconomic factors.
Fitch indicated that growth opportunities in the short term remains favorable and that economic policies have been effective in dealing with a number of internal and external pressures over the past year.
He predicted 65 economically polled by Reuters China 's economic growth of 6.6 percent this year , surpassing the government 's target of around 6.5 percent.
But Fitch said: The huge and growing debt in the non - financial sector and low levels of credit quality of the banks listed by Fitch in the financial system of China are still the most prominent global risk in the sovereign rating of China.
Stated that there are three international agencies responsible for granting credit ratings for countries which both Fitch and Moody 's , Standrdr & P.
The agency Moody 's is the other had been reduced in May to China 's sovereign classification grade one stands at the same level with Fitch Ratings.
Thus it became the Standard & Poor 's rating by one notch higher than the other agencies.
On the other hand the Chinese Bureau of Statistics said on Friday he had revised the way GDP account for the country to include health care, tourism and the new economy contributions; the previous time the office modifies the way GDP account in 2002
and announced the National Bureau of Statistics GDP data for the second quarter of the year on Monday.
http://www.alsabaah.iq/ArticleShow.aspx?ID=140640
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