The New Yorker’s Jiayang Fan examines China’s plans for a comprehensive social credit...
by Cindy | Oct 28, 2015
The Chinese government is preparing to launch a controversial credit score system that will...
by zhou shuren | Aug 25, 2011
Bloomberg reports that China's largest banks posted impressive profits while their European and American counterparts posted losses: Industrial & Commercial Bank of China (601398) Ltd. posted a 29 percent increase in net...
by cdtstaff | Aug 3, 2011
Although President Obama signed a bill to raise the U.S. debt ceiling yesterday, today a Chinese credit agency Dagong Global Credit Rating Company has downgraded its credit rating for the U.S. From CNN: The Dagong Global Credit...
by zhou shuren | Aug 3, 2011
With the Chinese yuan rising 0.41 percent versus the dollar in the last two weeks, China's five-year notes and comparable U.S. Treasury issues was at a record high yesterday. The growing strength of the yuan was boosted by...
by Sophie Beach | Jul 11, 2010
From AP: A Chinese firm that aims to compete with Western rating agencies declared Washington a worse credit risk than Beijing in its first report on government debt Sunday amid efforts by China to boost its influence in global...
by Mo Ming | Jul 28, 2006
From BusinessWeek: Standard & Poor’s Ratings Services raised its long-term sovereign credit rating on the People’s Republic of China on July 27 to A from A-. The outlook is stable. At the same time, Standard & Poor’s raised its long-term credit ratings on China Development Bank and Export-Import Bank of China to A from A-. […]
by Mo Ming | Jul 10, 2006
From Bloomberg News: China may earn a higher credit rating from Moody’s Investors Service after repaying international debt, boosting reserves and bailing out banks. Moody’s today raised the outlook for the A2 rating on China’s long-term foreign-currency bonds to positive from stable, it said in a statement. The rating, last raised in October 2003, ranks […]
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