11:30 - 4.04.2025

---

April 4, Fineko/abc.az. Fitch downgraded China's credit rating from ‘A+’ to ‘A’. The forecast is stable, ABC.AZ informs, referring to agency's release from April 3.

Economic support, combined with a structural reduction in the revenue base, is likely to lead to continued high budget deficits," Fitch notes.

The agency points out a number of key risks:

• Rapidly growing public debt - up to 74% of GDP in 2026;

• Weak regional budgets and rising hidden debts (LGFVs);

• Structural decline in budget revenues, especially from land sales;

• Risks from new US tariffs and weak domestic demand;

• Pressure from deflation and slowing growth