Fitch affirms China's credit rating

In a statement from Fitch, it was stated that China's rating was supported by the country's strong external financing and flexible macroeconomic performance.

In the statement, it was reported that China's credit rating was confirmed as "A+" and the outlook as "stable".

Pointing out that the measures taken against the Omicron variant from the Kovid-19 epidemic have interrupted the mobility since mid-March, it was stated that despite the epidemic being largely under control, monthly activity indicators fell to the lowest levels since the beginning of 2020 and the trends in the real estate sector continued to be weak. .

In the statement, it was noted that the Chinese economy, which grew by 8.1 percent in 2021, is expected to grow by 4.3 percent this year, pointing out that downside risks have increased.