OpinionThinking About China

China’s Financial Outlook Gets Another Downgrade

Fitch allows China to keep its still-high credit rating but, to the finance ministry’s chagrin, downgrades the country’s outlook.
Save
China’s Financial Outlook Gets Another Downgrade
A picture shows the entrance of Fitch Ratings agency in Paris on Aug. 8, 2011. Miguel Medina/AFP via Getty Images
Milton Ezrati
Updated:
0:00
Commentary

Fitch is worried about Chinese finance. Earlier this month, while reaffirming China’s still-high A+ rating, the credit-rating agency downgraded what it calls the country’s “outlook.” In this, Fitch has followed another rating agency, Moody’s, which did the same thing in December 2023.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
Related Topics