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)
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Published Date: Mar 04, 2016 01:45 AM | Updated Date: Mar 04, 2016 01:45 AM