S&P Global Ratings lowered China’s sovereign credit rating last week citing increased economic and financial risks. Photo: AP

S&P’s China downgrade may deter forex liberalisation plans

Market turbulence arising from the S&P downgrade could see Beijing hold off relaxing controls in foreign exchange ahead of the 19th Party Congress

Topic |   Yuan

TOP PICKS

S&P Global Ratings lowered China’s sovereign credit rating last week citing increased economic and financial risks. Photo: AP
READ FULL ARTICLE