China’s credit rating cut over debt worries

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China’s credit rating has been downgraded by Moody’s over fears of rising debt in the world’s second-largest economy. We get the latest reaction from our correspondent in Beijing. Also today, the White House publishes its first budget under Donald Trump, with massive cuts planned to public services.

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South Africa President Jacob Zuma dismissed finance minister Pravin Gordhan last week as part of a cabinet reshuffle.

The move was followed by South Africa’s credit rating been downgraded to ‘junk’ status by aredit rating agency Standard and Poor’s.

This move is now threatening to split his ruling ANC party.

Al Jazeera’s Fahmida Miller reports from Johannesburg.

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