S&P says downgraded China as credit growth still too fast
China`s finance ministry said the downgrade was "a wrong decision" that ignored the economic fundamentals and development potential of the world`s second-largest economy.
Sep 22, 2017, 16:27 PM ISTS&P downgrades China, says rising debt is stoking economic, financial risks
S&P had said in June there was a "real" chance of a downgrade and a decision would be made based on whether China is able to move away from a credit-driven growth strategy. The demotion follows a similar move by Moody`s Investors Service in May.
Sep 21, 2017, 15:10 PM IST