By Doug Young & Rene Vanguestaine

Fitch has lowered its outlook on China’s sovereign rating to “negative,” citing economic uncertainty. What does this mean for investors, and what’s the likelihood of an actual ratings downgrade? And China has ordered all hotels rated three stars or higher to accept foreign credit cards. Will this help to bring back foreign travelers after three years of Covid isolation?

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About China Inc

China Inc by Bamboo Works discusses the latest developments on Chinese companies listed in Hong Kong and the United States to drive informed decision-making for investors and others interested in this dynamic group of companies.

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LexinFintech does finance

BRIEF: LexinFintech’s revenue drops in third quarter

Online lender LexinFintech Holdings Ltd. (LX.US) said on Monday its revenue fell 6.7% year-on-year in the third quarter to 3.42 billion yuan ($481 million), as its core credit facilitation services that…