S&P Global Ratings lowered China’s sovereign credit by one notch, citing economic and financial risks raised by a prolonged period of strong credit growth. Photo: Reuters

S&P pours cold water on Beijing’s upbeat economic narrative

Downgrade, from AA- to A+, is the second by an international rating agency this year

Topic |   China economy

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S&P Global Ratings lowered China’s sovereign credit by one notch, citing economic and financial risks raised by a prolonged period of strong credit growth. Photo: Reuters
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