Fitch af­firms China’s A+ rating

China Daily (Hong Kong) - - BUSINESS -

Fitch Rat­ings on Fri­day main­tained its A+ rating on China with a sta­ble out­look, cit­ing the strength of the coun­try’s ex­ter­nal fi­nances and macroe­co­nomic record. Short-term growth prospects re­main fa­vor­able, and eco­nomic poli­cies have been ef­fec­tive in re­spond­ing to an ar­ray of do­mes­tic and ex­ter­nal pres­sures in the past year, Fitch said. A Reuters poll of 65 economists in­di­cated that China’s eco­nomic growth is ex­pected to reach 6.6 per­cent this year, top­ping the gov­ern­ment’s tar­get of around 6.5 per­cent. But large and ris­ing debt lev­els across the non-fi­nan­cial sec­tor, com­bined with the low stand-alone credit qual­ity of Fitch-rated banks in the fi­nan­cial sys­tem, re­main the most sig­nif­i­cant risk fac­tor for the sov­er­eign rating, Fitch said. up or­di­nary shares of GLP (ex­clud­ing trea­sury shares) for S$3.38 per share. Nesta In­vest­ment is jointly owned by a group of Chi­nese com­pa­nies in­clud­ing HOPU, Hill­house Cap­i­tal, Bank of China Group In­vest­ment, Vanke and SMG, which is owned by GLP chief ex­ec­u­tive Ming Mei. The deal is ex­pected to be com­pleted on or be­fore April 14 ,2018.

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