英镑/人民币 (GBPCNY) 加自选

惠誉评级于2025年4月3日将中国长期主权信用评级从A+下调至A，并将前景从负面调整为稳定，这是惠誉18年来首次对中国进行评级调整。该机构解释说，此举反映了人们对中国公共财政持续疲软的预期，以及该国经济转型期间公共债务迅速上升的趋势。由于这些高赤字、或有负债的持续结晶化和名义GDP增长疲软，预计未来几年政府债务/GDP将继续呈急剧上升趋势。惠誉还指出，由于国内需求疲软、通缩压力和贸易关税上升，中国面临着重大挑战，但承认中国经济的结构性优势。这些优势包括中国在全球贸易中的核心作用、庞大的外汇储备和净债权地位。

Fitch Ratings has downgraded China's long-term sovereign credit rating to A from A+ and changed the outlook to stable from negative on April 3, 2025, marking the first rating change for China by Fitch in 18 years. The agency explained that the move reflects expectations of a continued weakening of China’s public finances and a rapidly rising public debt trajectory during the country’s economic transition. The government debt/GDP is projected to continue its sharp upward trend over the next few years, driven by these high deficits, ongoing crystallisation of contingent liabilities and subdued nominal GDP growth. Fitch also noted that China has faced significant challenges due to weak domestic demand, deflationary pressures and rising trade tariffs, but acknowledged the structural strengths of the Chinese economy. Among these strengths are China’s central role in global trade, extensive foreign exchange reserves, and net creditor position.