Alarm sounds in China and markets expect luxury to come to a halt

Alarm sounds in China and markets expect luxury to come to a halt

The alarm is sounding in China. The rating agency Fitch, in cutting China’s sovereign credit risk from stable to negative, confirms the economy’s problems. This country’s growing fiscal deficit is “a major concern”. Beijing, which described the cut as “regrettable”, has also contracted debt to stimulate domestic consumption while grappling with the property crisis. Without…

ACCEDI PER CONTINUARE A LEGGERE

Scopri l’abbonamento che fa per te tra le nostre proposte

Already a member? Log in here

PREMIUM CONTENT

Choose one of our subscription plans

Do you want to receive our newsletter?
Subscribe now
×