Posted 12/6/2023, 7:08:04 AM
Moody's Outlook Cut Increases Pressure on China to Bolster Faltering Economy and Markets
- Moody's outlook cut raises pressure on Chinese government to do more to support markets
- Confidence in Chinese assets could deteriorate further, analysts warn
- Beijing's steps to bolster economy and markets have had modest effect so far
- Weakening growth prospects add to global concerns that China's economic miracle is over
- Ultimately, analysts say, sentiment can only stabilize sustainably if China delivers credible plan to solve structural weaknesses curbing growth