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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Recent Articles

GDS makes data center resources

BRIEF: GDS revenue rises, spins off international unit

Data center operator GDS Holdings Ltd. (GDS.US: 9698.HK) said on Wednesday its revenue rose 9.1% year-on-year in the fourth quarter to 2.69 billion yuan ($372 million), while its net loss…

BRIEF: Hutchmed profit falls on shrinking R&D income

Hutchmed (China) Ltd. (HCM.US; 0013.HK; HCM.L), a biopharmaceutical company controlled by CK Hutchison Holdings (0001.HK), said its revenue fell 24.8% last year to $630 million, according to its annual results…