Moody's downgrade of China debt outlook lacks support from facts - Xinhua | Reuters - Firstpost
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Moody's downgrade of China debt outlook lacks support from facts - Xinhua | Reuters

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BEIJING Moody's downgrade of its outlook on China's government debt lacked support from facts, the official Xinhua news agency said in a commentary published on Thursday.

Moody's Investors Service downgraded its outlook on Chinese government debt to "negative" from "stable" on Wednesday, citing uncertainty over authorities' capacity to implement economic reforms, rising government debt and falling reserves.


(Reporting by China Monitoring Desk and Kevin Yao; Editing by Richard Borsuk)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Mar 4, 2016 01:45 IST

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