SHANGHAI/BEIJING (Reuters) - Moody's Investors Service downgraded China's credit ratings on Wednesday, saying it expects the financial strength of the world's second-biggest economy will erode in coming years as growth slows and debt continues to rise. ( read original story ...)
Moody’s downgrades China, warns of fading financial strength as debt stings
SHANGHAI Moody's Investors Services downgraded China's long-term local and foreign currency issuer ratings on Wednesday, citing expectations that the financial strength of the world's second-biggest economy would erode in the coming years. The downgrade by ... ( read original story ...)
Shanghai stocks, Australian dollar down after Moody’s downgrades China
The yuan was marginally weaker at 6.8949 per dollar while the Shanghai stock index fell one per cent to ... and has rattled global financial markets since late last year. “The downgrade reflects Moody’s expectation that China’s financial strength ... ( read original story ...)
Fearing social unrest, China cracks down on victims of financial scams
Another failed financial firm, Wang Bo, preferred to hold fund-raising ... were surprised by the number of people prepared to demonstrate last September in Shanghai. The protesters crowded together sharing their tales of woe and chanting: "We want our ... ( read original story ...)
Shanghai United and AccorHotels launch new five-star hotel build in Sydney
Shanghai United snapped up the corner site, with then joint venture partner Visionary Investment Group for about $140 million last year, as revealed by The Australian Financial Review. "This project marks a new area of luxury hotel and high-end apartments ... ( read original story ...)
Moody’s downgrades China, warns of eroding financial strength as debt rises
SHANGHAI Moody's Investors Services downgraded China's long-term local and foreign currency issuer ratings on Wednesday, citing expectations that the financial strength of the world's second biggest economy would erode in the coming years. The ratings ... ( read original story ...)
HK, Shanghai hold meeting to enhance financial co-operation (with photos)
Representatives of the governments, financial regulators and exchanges of Hong Kong and Shanghai held the seventh Working Meeting of Hong Kong-Shanghai Financial Co-operation in Shanghai today (May 23) to discuss how to enhance financial co-operation ... ( read original story ...)