China Credit Rating Confirmation from Fitch Ratings

The US-based international credit rating agency Fitch Ratings confirmed China's credit rating as A+ with a stable outlook.

According to the statements made by Fitch Ratings, the global industry giant China's rating was supported by the country's strong external financing and flexible macroeconomic performance. In the report, it was stated that China's credit rating was confirmed as A+ and the outlook as stable. In the report, which pointed out that the strict measures taken against the coronavirus epidemic and the Omicron variant have interrupted the mobility since mid-March, the monthly activity indicators have fallen to the lowest levels since the beginning of 2020 and the trends in the real estate sector continue to be weak despite the epidemic being largely under control. In the report, it was also spesified that downside risks have increased, it was predicted that the Chinese economy, which grew by 8.1 percent in 2021, is expected to grow by 4.3 percent this year.