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S&P: China ratings affirmed at 'A+/A-1'. Outlook stable
S&P:
— DailyFX Team Live (@DailyFXTeam) June 28, 2023
-China ratings affirmed at 'A+/A-1'. Outlook stable.
-China's economy is rebounding from COVID lockdowns in 2022, but weak global demand and overhang in its property sector are dampening recovery.
Added at 6:46am
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S&P:
— DailyFX Team Live (@DailyFXTeam) June 28, 2023
-Outlook on China's long-term ratings remains stable, reflecting view that economic recovery will continue, albeit at a slower pace
-S&P: In our view, beyond the next three years, US-China tensions will probably continue to weigh on China's economic performance.