Credit rating agency Fitch Ratings has revised its outlook on China to Negative from Stable, citing growing debt-related concerns as the world's second-largest economy faces increasing uncertainty in public finances. Despite the negative outlook, Fitch has maintained China's existing credit rating at A+. The move comes as China grapples with a debt-to-GDP ratio of 287%.
Yahoo Finance's Akiko Fujita breaks down the details, providing insights into factors contributing to China's rising debt levels.
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