Fitch: Hard landing in China unlikely

Fitch rating agency is crossing the wires, noting that a hard landing in China is unlikely but reform scepticism is rising.

Headlines

Believe strongly that China has the administrative and financial resources to avoid a disruptive slowdown to near-zero growth

Degree of clarity over authorities' reform strategy remains low relative to scale of risks

High and rising leverage in China economy is source of systemic

Vulnerability, has been reason why Fitch not raised into 'AA' category