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Economics

Fitch keeps China's 'A+' rating but warns over debt

Agency warns of the potential for economic and financial shocks in the world's second-largest economy.

14.07.2017

(AFP) Fitch Ratings warned Friday that China's growing debt could trigger "economic and financial shocks", but said it will maintain the country's A-plus rating with a stable outlook despite its concerns.

The announcement follows Moody's decision in May to downgrade the world's second-largest economy for the first time in almost three decades on concerns over its ballooning credit and slowing growth.

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