All articles tagged with #economic support measures
Stocks in Asia, particularly in China, declined ahead of the Federal Reserve's last decision this year, as investors were disappointed by a lack of strong economic support measures announced during China's annual economic work conference. Property developers were among the biggest losers, and the regional gauge slipped as shares fell across the board in Hong Kong and mainland China.
Moody's negative outlook on China has increased pressure on the government to take more forceful measures to support sinking stocks and stabilize the yuan as investor confidence deteriorates. The ratings agency cited weakening growth prospects, surging municipal debt, and property market woes as reasons for the negative outlook. While China has implemented economic support measures and targeted steps to prop up the stock market, analysts warn that sentiment can only stabilize sustainably if China addresses its structural weaknesses and delivers a credible longer-term roadmap for growth. The outlook cut could further impact investor confidence and the yuan exchange rate, but rival ratings agencies Fitch Ratings and S&P Global Ratings have made no changes to their respective China credit ratings.