China credit rating outlook cut to negative over debt concerns

The ratings agency Moody’s is raising a red flag about the Chinese government’s growing debt levels.Moody’s cut the outlook on China’s credit ratings from stable to negative on Wednesday, pointing to worries about the government’s potential debt burden, the huge sums of money flowing out of the country and Chinese officials’ ability to push through reforms.The negative outlook means the agency could downgrade China’s credit rating in the medium term.But ...