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S&P cuts China credit rating outlook on risk of slower rebalancing

It says over next 5 years, China will show modest progress in economic rebalancing and credit growth deceleration

Hong Kong

STANDARD & Poor's (S&P) has cut the outlook for China's credit rating to negative from stable, saying the nation's economic rebalancing is likely to proceed more slowly than the ratings firm had expected.

China's AA- long-term credit rating now has a negative

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