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April 10th, 2013 
FAKE NEWS for the Zionist agenda Bloomberg – Fitch Ratings Ltd. cut China’s long- term local-currency debt rating, citing increasing risks to the country’s financial stability given the lack of transparency in the increased borrowing of local governments. Fitch lowered the rating to “A+”, its fifth-highest level, from “AA-,” the London-based company said in an e- mailed statement today. The company estimates total credit in China’s economy, including various forms of so-called shadow banking, may have reached 198 percent of gross domestic product at the end of 2012, up from 125 percent at end-2008. Read Article
Source Article from http://openyoureyesnews.com/2013/04/10/fitch-cuts-china-yuan-debt-rating-on-local-government-borrowing/
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