Fitch Downgrades China Vanke's Credit Rating to Junk
===============
#70093804 ver:0.06
Moody's Investors Service has downgraded China's credit rating outlook to 'negative' due to a slowing economy, increasing local government debts, and a slump in the property market. The agency also downgraded the credit outlooks for Hong Kong and Macau. Fitch Ratings and S&P have issued warnings on the rising risks associated with China's property market. Taiwanese banks and insurance companies have reduced their exposure to China. The Chinese Nationalist Party (KMT) has urged the Democratic Progressive Party (DPP) to abandon its Taiwanese independence platform. Taiwan plans to sign a memorandum of understanding with India to recruit Indian workers. Taiwan People's Party (TPP) Chairman Ko Wen-je is considering forming an electoral alliance with the KMT.
Moody's negative outlook on China's...
#newstr #China #CreditRating #Moody's #FitchRatings #ChinaVanke