Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns over debt levels in the world’s largest consumer.
The Biden administration has unveiled plans to exclude Chinese entities from receiving any of the generous tax credits available for investing in the US EV supply chain.
Officials from state company Enami met with authorities and company representatives in China last month to discuss a $1.4 billion project to overhaul Enami’s smelter.