China backs economic rebound despite ratings downgrade

New cars wait to be exported from a port in China.
Moody's cited lower medium-term economic growth in cutting China's government credit outlook. -AP

Ratings agency Moody's has cut its outlook on China's government credit ratings to negative from stable, citing lower medium-term economic growth and risks from a major correction in the country's vast property sector.

Hold tight - we’re checking permissions before loading more content