Moody s downgraded China s economic outlook from stable to negative, citing persistent medium-term growth concerns and the ongoing property sector downsizing. The agency anticipates China s property sector to remain smaller relative to the overall economy. Moody s projects China s GDP growth at 4% in 2024-2025 and an average of 3.8% between 2026-2030.
China’s direct investment liabilities in its balance of payments declined by $11.8 billion in the third quarter, the country’s foreign exchange administration said.
(Bloomberg) China vowed to set up a long-term mechanism to resolve debt risks tied to local authorities and signaled willingness to expand central government borrowing as it concluded a twice-a-decade policy meeting.Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Blinken Returning to Israel; Refugee Camp HitZillow Plunges After Verdict on Real Estate Brokerage CommissionsSaudi Forces on Alert After Clash With Iran-Backed HouthisSony’s Bungie Gam
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