Following Moody’s lowering of China’s credit rating outlook last December, ratings agency Fitch downgraded its China sovereign credit rating to Negative on Tuesday, citing risks to public finances as the economy shifts to new growth models. Given China’s economic woes in the past two years, while analysts hardly found Fitch’s latest move surprising, the new cut in […]

Faced with an imminent financial crisis, Sri Lanka has reached an agreement with the Export-Import (Exim) Bank of China to cover about $4.2 billion of the island nation’s outstanding debt, according to a statement issued by the finance ministry on Oct. 12. The government of the cash-strapped nation, which was hit by its worst economic […]

News Analysis Many foreign investors are concerned and asking questions about how China’s slowing economic growth, real estate crisis, and other economic problems could impact their businesses and interests. China, the world’s second-largest economy and a major engine of global growth, is facing enormous economic challenges, prompting fears about its stability and future. Although Beijing […]