China has strong fundamentals and should remain a focus for businesses, Singapore trade minister says

Businesses should continue to focus on China and explore opportunities to expand their presence in the world's second-largest economy, Singapore Minister for Trade and Industry Gan Kim Yong said Friday. China had briefly entered deflation territory late last year, and is still struggling with a debt-laden real estate sector. Ratings agency Fitch cut its outlook on China's sovereign credit rating to negative on Wednesday, following a similar move by Moody's in December. Fitch citied risks to public finances as the economy faces increasing uncertainty in its shift to new growth...