![]() ![]() While the authorities have been attempting to bolster demand through stimulus measures, more needs to be done to support the world’s second largest economy particularly amid the backdrop of sluggish global demand. The government has stopped publishing youth unemployment figures, after they hit a record high in the summer. It has been grappling with weak demand, an embattled property sector, declining imports and exports, and heavy debts from long-term infrastructure spending. "China has struggled with a bumpier than expected post covid recovery. China’s finance ministry said it is disappointed by the downgrade and said Moody’s concerns are unnecessary." Absa Mauritius Ba1 long-term deposit ratings reflect its ba2 BCA and a one-notch uplift to its BCA, stemming from Moodys assessment of a moderate likelihood of support from the Government of Mauritius, in case of need. It expects China’s annual GDP to come in at 4% in 20 and average 3.8% between 20. Relates to the issuer credit rating for S&P, and bank deposits ratings for Moodys. The ratings agency says this reflects the risks related to its persistently lower medium-term economic growth and ongoing downsizing of the property sector. South African Sovereign long-term ratings. “Moody’s has cut China’s government credit rating to negative from stable. VICTORIA SCHOLAR, HEAD OF INVESTMENT, INTERACTIVE INVESTOR, LEEDS, UK (email) "So this is a little bit behind the curve."
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