S&P lowers China outlook to negative

Ratings agency Standard & Poor’s has cut its outlook on China’s sovereign bonds from stable to negative (AFP Photo/Greg Baker)MoreRatings agency Standard & Poor’s (S&P) cut its outlook on China from stable to negative on Thursday, warning that economic rebalancing was taking longer than expected.
“The economic and financial risks to the Chinese government’s creditworthiness are gradually increasing,” it said in a statement.
S&P kept its rating