Tan Ah Tiu, where are u when your paymaster need u? Why AMDK Fitch can Downgrade Tiongkok neh?

[k1976]

https://www.scmp.com/economy/econom...dit-outlook-beijing-says-local-debt-risks-are

China hits back after Fitch Ratings downgrades credit outlook, Beijing says local debt risks are controllable​

• Fitch Ratings changed the outlook for China’s sovereign debt from stable to negative, with the Ministry of Finance saying the downgrade was a ‘pity’
• Analysts say China’s widening fiscal deficit is ‘a major worry’, with the outlook complicated by so-called hidden debts, including local government financing vehicles

 

[k1976]

A decision by a leading credit rating agency to downgrade China’s sovereign debt outlook failed to foresee the “positive role” of Beijing’s fiscal policy mix in promoting economic growth and stabilising the macro-leverage ratio, the Ministry of Finance said on Wednesday.

Fitch Ratings had earlier on Wednesday cited concerns over China’s property and public finance stress, as well as “eroded fiscal buffers” as the result of wide fiscal deficits and rising government debts, as the reasons behind cutting the rating from stable to negative.

 

[k1976]

https://www.reuters.com/world/china...k-china-negative-affirms-a-rating-2024-04-10/

Fitch cuts China's ratings outlook on growth risks​

By Reuters
April 10, 20246:09 PM GMT+8Updated 14 hours ago

BEIJING, April 10 (Reuters) - Fitch cut its outlook on China's sovereign credit rating to negative on Wednesday, citing risks to public finances as the economy faces increasing uncertainty in its shift to new growth models.

The outlook downgrade follows a similar move by Moody's in December and comes as Beijing ratchets up efforts to spur a feeble post-COVID recovery in the world's second-largest economy with fiscal and monetary support.

"Fitch’s outlook revision reflects the more challenging situation in China’s public finance regarding the double whammy of decelerating growth and more debt," said Gary Ng, Natixis Asia-Pacific senior economist.

"This does not mean that China will default any time soon, but it is possible to see credit polarization in some LGFVs (local government financing vehicles), especially as provincial governments see weaker fiscal health."

 

[k1976]

Fitch expects China's explicit central and local government debt to rise to 61.3% of gross domestic product (GDP) in 2024 from 56.1% in 2023 - a clear deterioration from 38.5% in 2019.

A protracted property downturn has weighed heavily on debt-laden local governments as their revenues from land development plunged, rendering debt levels in many cities unsustainable.

At the same time, the rating agency expects China's general government deficit - which covers infrastructure and other official fiscal activity outside the headline budget - to rise to 7.1% of GDP in 2024 from 5.8% in 2023, the highest since 8.6% in 2020, when Beijing's strict COVID curbs weighed heavily on the economy.

 

[k1976]

While it lowered its ratings to negative outlook from "stable", indicating a downgrade is possible over the medium term, Fitch affirmed China's issuer default rating at 'A+', its third-highest category.

S&P, the other major global rating agency, also rates China A+, the equivalent of Moody's current A1 rating.

Fitch forecast China's economic growth would slow to 4.5% in 2024 from 5.2% last year, while the International Monetary Fund expects China's GDP to grow 4.6% this year.

 

[k1976]

The ratings warning comes despite tentative signs China's economy is finding its footing.
Factory output and retail sales topped forecasts in January-February, following better-than-expected exports and consumer inflation indicators.

Those data points have shored up Beijing's hopes that it can hit what analysts have described as an ambitious GDP growth target of around 5.0% for 2024.

"The outlook revision reflects increasing risks to China's public finance outlook as the country contends with more uncertain economic prospects amid a transition away from property-reliant growth to what the government views as a more sustainable growth model," Fitch said.

 

[congo9]

Ang mo credit rating agency is a good agency.
Next stop will be financial boozoka to trap china.

 

[syed putra]

Moody's and Fitch will upgrade tiongkok outlook if beijing gives them a huge. Financial reward. That us what its all about. Right now, wall street wants russia and china dead or risk losing world financial domination.

 

[k1976]

Ang mo credit rating agency is a good agency.
Next stop will be financial boozoka to trap china.

Syncing landing speed with Tiongkok after Auntie Yellen visit.

Cabin Crew, prepare for landing

 

[congo9]

Moody's and Fitch will upgrade tiongkok outlook if beijing gives them a huge. Financial reward. That us what its all about. Right now, wall street wants russia and china dead or risk losing world financial domination.

China will still want their currency trade like USD. They have wet dream about it and they are sneaky about their ambition. But they refuse to float their currency freely. Now pushing for more Yuan trade. But only to his 3rd world friends from Africa and Russia.

Now they push for future technologies. Using state fund to push , Car (EV) ,solar panel and battery..

But I'm sure China being on top of the food chain is bad.

 

[k1976]

China will still want their currency trade like USD. They have wet dream about it and they are sneaky about their ambition.

Now they push for future technologies. Using state fund to push , Car (EV) ,solar panel and battery..

But I'm sure China being on top of the food chain is bad.

That is the Empreor dream scenario
1. "small recirculation- small small tiongkok domestic demand"

2. "big recirculation- huge huge international trade thru Swift with One Road One Belt rider"

Very little import BUT Big Big Export

 

[congo9]

That is the Empreor dream scenario
1. "small recirculation- small small tiongkok domestic demand"

2. "big recirculation- huge huge international trade thru Swift with One Road One Belt rider"

Very little import BUT Big Big Export

If China always like big big export, how is this going to benefit his little "Followers" from 3rd World. They (3rd World nation) too need market to thrive.

In other words, these 3rd world nation needed China to open up their domestic market to them so that they can also export to china.
So that these little 3rd World nation will be thriving alongside China. These 3rd world nation will be better off staying with US lead nation. At least they will open up market to these 3rd world nation eventually.

To date, we didn't see anything positive from china except their obsession with exporting cheap product to 1st World nation so that they earn money.

China's economic policy is lobsided. It continuously focus on production and they don't believe consumerism and consumption.

 

[Loofydralb]

All western credit rating agencies are western financial war tools.

They're trying to arm twist China.

 

[eatshitndie]

when ccp kpkb it’s usually true.

 

[VanDick]

https://www.scmp.com/economy/econom...dit-outlook-beijing-says-local-debt-risks-are

China hits back after Fitch Ratings downgrades credit outlook, Beijing says local debt risks are controllable​

• Fitch Ratings changed the outlook for China’s sovereign debt from stable to negative, with the Ministry of Finance saying the downgrade was a ‘pity’
• Analysts say China’s widening fiscal deficit is ‘a major worry’, with the outlook complicated by so-called hidden debts, including local government financing vehicles

Move along. Nothing to see here. Credit rating companies like Fitch and Moody's are just part of the evil globalist machine. Now they are just stirring shit with China.

Don't forget that Moody's also downgraded the U.S credit rating to negative. And nobody gives a fuck.

 

[k1976]

If China always like big big export, how is this going to benefit his little "Followers" from 3rd World. They (3rd World nation) too need market to thrive.

In other words, these 3rd world nation needed China to open up their domestic market to them so that they can also export to china.
So that these little 3rd World nation will be thriving alongside China. These 3rd world nation will be better off staying with US lead nation. At least they will open up market to these 3rd world nation eventually.

To date, we didn't see anything positive from china except their obsession with exporting cheap product to 1st World nation so that they earn money.

China's economic policy is lobsided. It continuously focus on production and they don't believe consumerism and consumption.

Need to export more OPPO Phone and Xiaomi EV to Africa New Emerging Market

 

[congo9]

Move along. Nothing to see here. Credit rating companies like Fitch and Moody's are just part of the evil globalist machine. Now they are just stirring shit with China.

Don't forget that Moody's also downgraded the U.S credit rating to negative. And nobody gives a fuck.

Without all these credit agency , how does one finds out about the company performance rating ?
They existed for a good reason rather then bad reasons..

If China really want to be Leader and big brother,they should be like US.
Open up for more import ,allow internet agency to operate in China.
Then it will be good.

Or else china will just be a hermit Kingdom.

 

[k1976]

Without all these credit agency , how does one finds out about the company performance rating ?
They existed for a good reason rather then bad reasons..

If China really want to be Leader and big brother,they should be like US.
Open up for more import ,allow internet agency to operate in China.
Then it will be good.

Or else china will just be a hermit Kingdom.

Muddy Water, kym?

 

[laksaboy]

The death throes of a dying regime.

I'll say it again, daft Sinkies who want to use their divine red Sinkie passport and enjoy the 30-day visa free travel to China, better do it soon.

In future, that privilege is either scrapped, or China's borders are closed.

Or you cannot free and easy jalan-jalan anywhere you fancy. You need to be escorted by a designated tour guide wherever you go, and you are only allowed to walk to approved locations. It's North Korea 2.0.

 

[laksaboy]

If China really want to be Leader and big brother,they should be like US.
Open up for more import ,allow internet agency to operate in China.
Then it will be good.

That means the CCP regime will be kaput. You think those Chicoms would relinquish control that easily?

And when the CCP regime kaputs, expect plenty of upheaval. The geographical map of what 'China' is may have to be withdrawn.