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Moody's cuts China's rating, warns of fading financial strength as debt mounts

Beijing's need to fulfil official growth targets may result in over-reliance on stimulus: Moody's


MOODY'S Investors Service downgraded China's credit ratings on Wednesday for the first time in nearly 30 years, saying that it expects the financial strength of the economy will erode in coming years as growth slows and debt continues to rise.

The one-notch downgrade in...

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