Mubasher: U.S. ratings agency Standard & Poor's (S&P) has downgraded its credit rating outlooks for China from 'Stable' to 'Negative' on Thursday.
S&P assigned the country an 'AA-' rating on its economic risks, according to a statement published on the agency's website.
S&P forecasts China's economic growth would remain at or above 6% annually over the next three years, marginally below the 6.5% growth targeted in China's latest five-year plan.
In early March, China's Premier Li Keqiang said his country set its economic growth target at 6.5-7% in 2016.
He added that China's GDP would reach 90 trillion yuan ($13.8 trillion) until 2020, Xinhua News Agency reported.
