China's Economy Faces Fallout as Moody's Downgrades Credit Rating
TL;DR Summary
China takes steps to counter negative investor sentiment following Moody's bearish credit outlook on Chinese sovereign bonds, with the central bank increasing support for the yuan and state media publishing articles criticizing Moody's understanding of China's economy. The finance ministry maintains that China's growth will remain resilient.
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- Stock Index Futures Slip Ahead of U.S. JOLTs Report, China Credit Outlook Downgrade Weighs Barchart
- Foreign Ministry: Fundamentals of China's economy have not changed | ANC ANC 24/7
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