China has strong fundamentals and should remain a focus for businesses, Singapore trade minister says [CNBC]
Moody's Corporation (MCO)
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Source: CNBC
China had briefly entered deflation territory late last year, and is still struggling with a debt-laden real estate sector. Ratings agency Fitch cut its outlook on China's sovereign credit rating to negative on Wednesday, following a similar move by Moody's in December. Fitch citied risks to public finances as the economy faces increasing uncertainty in its shift to new growth models. However, “if you take a deeper look, when I engaged the businesses and the people on the ground, I think the sense it gives me is that China's fundamentals are strong,” Gan said on CNBC's “ Squawk Box Asia .“ He pointed that China has a huge domestic market, as well as a highly educated and competitive workforce. The country's investments in infrastructure will also put it in a good position to recover in the longer term, Gan added. “So I think in the meantime, in the immediate future, they will see headwinds, but I think in the longer term, the fundamentals remain strong.” ‘Work with whoe
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MCO
Earnings
- 2/14/24 - Miss
MCO
Sec Filings
- 4/19/24 - Form 8-K
- 4/2/24 - Form 3
- 4/2/24 - Form 4
- MCO's page on the SEC website