NTD Business (Dec. 5): Moody’s Cuts China Credit Outlook; SCOTUS Torn Over Purdue Pharma Bankruptcy Settlement

Don Ma
By Don Ma
December 5, 2023NTD Business

Ratings agency Moody’s cut its outlook on Beijing’s credit ratings to negative from stable on Tuesday, in the latest sign of mounting global concern over the impact of surging local government debt and a deepening property crisis on the world’s second-largest economy.

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