China Slams Fitch Ratings' Credit Downgrade as 'Biased'
The Ministry of Finance has expressed strong disagreement with Fitch Ratings' decision to downgrade China's sovereign credit rating, labelling the move as 'biased' and 'failing to reflect the actual resilience of China's economy'. The ministry argues that the decision does not objectively consider the broad consensus in global markets, highlighting China's economic stability and growth prospects. With a strong economic foundation, China is poised to maintain its position in the global economy. Key factors such as economic growth, financial stability, and global market trends will continue to shape China's economic landscape. The ministry's response underscores the importance of accurate credit ratings, economic indicators, and market analysis.
