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Credit Agency Casts Further Pall on China’s Economy

China's struggling economy has prompted credit ratings agency Moody's to lower its outlook on the government's fiscal health from stable to negative Tuesday. The New York-based agency said it downgraded Beijing's sovereign bonds due to increasing government debt, which jumped to an estimated 40.6 percent of gross domestic product at the end of 2015, compared to 32.5 percent of GDP in 2012. Another factor in Moody's downgrade was China's declining...

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