Fitch Ratings

New Business

No cheer for developers as China’s new home sales projected to fall 15% in 2025: Fitch

China’s attempt to revive the local property market has helped stabilise sentiment among homebuyers, according to Fitch Ratings. They are…

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New Business

China property market faces long recovery road despite restructuring progress

Over the past few months, several major Chinese developers have secured fresh approvals for their debt restructuring plans, with creditors…

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New Business

China’s steelmakers face ‘cruel’ reality as ‘harsh’ winter comes for embattled industry

But on Friday, the Ministry of Industry and Information Technology (MIIT) halted the system as it sought to consult relevant…

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New Business

China doubles cash subsidies to propel EV sales as economic growth falls short

Beijing has doubled subsidies granted to electric vehicle (EV) buyers, just three months after it rolled out incentives to accelerate…

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New Business

Pakistan budget to significantly reduce government debt, rating agency Fitch predicts

Fitch forecasts Pakistan’s FY25 budget to significantly reduce government debt, which is projected to decline to 68% of GDP by…

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