Fitch with a dour assessment on China
- Overcapacity weighs on china bank operating environment
- Over-capacity and over-leverage remain significant challenges for Chinese steel industry
- Expects steel sector to continue relying on commercial paper refinancing
- High levels of indebtedness in industrial sectors facing overcapacity will weighs negatively on operating environment for Chinese banks
Reuters with the headlines from the ratings agency
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Also, commentary crossing the wires from China's Vice Commerce Minister:
- Global investment growth not sustainable
- G20 to discuss trade, investment in Shanghai; G20 to discuss boosting services trade, e-commerce
These via Bloomberg
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While on China .... Nomura has cut its China 2016 GDP forecast to 6% (from 6.2%) - citing (go on, have a guess ..... ) Brexit
