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WSJ What’s News

Fitch Cuts China’s Credit Rating Outlook to Negative

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 10 April 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

A.M. Edition for April 10. Ratings company Fitch says China’s public finances are facing strain as a result of a shaky economy and rising fiscal deficits. WSJ Asia markets editor Matthew Thomas explains how a prolonged property slump is at the center of Fitch’s concerns. Plus, more turbulence for Boeing as an engineer alleges it took shortcuts in fixing its jets. And how an EU court’s ruling that protection from climate change is a human right could have global ripple effects. Luke Vargas hosts. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The less your business spends the more margin you keep.

0:03.5

Net Suite by Oracle brings accounting, finance, inventory, and HR into one proven platform,

0:09.5

helping you reduce costs everywhere.

0:12.0

Now through April 15th, Net Suite is offering a one-of-a-kind flexible financing program.

0:17.9

So head to Net Suite.com slash Wall Street right now. Fitch, downgrades China's credit outlook as the fiscal strain of a prolonged

0:29.9

property slump begins to bite.

0:32.1

Plus more turbulence for Boeing as an engineer

0:34.8

alleges it took shortcuts in fixing its jets and how an EU court's ruling that

0:40.0

protection from climate change is a human right could have global ripple effects.

0:45.0

Climate activists argued that Shell, the oil giant, was essentially violating human rights requirements.

0:52.0

So that means essentially that Shell has to lower its

0:54.7

production of oil and gas dramatically. So it's a very powerful order and there will probably

1:02.0

be other cases that will draw from this ruling.

1:05.0

It's Wednesday, April 10th.

1:07.0

I'm Luke Vargas for the Wall Street Journal,

1:09.0

and here is the AM edition of What's News,

1:12.0

the top headlines and business stories moving your world today.

1:17.0

Ratings company Fitch has revised down its outlook for China to negative, citing uncertainty around the

1:26.3

country's transition away from property-reliant growth, as well as wide fiscal deficits

1:31.7

and rising government debt.

1:34.1

The move which Caymas Fitch reaffirmed China's A-plus credit rating offers mixed signals

1:39.8

about the state of the Chinese economy heading into the second quarter and beyond.

...

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