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China Finance Ministry: S&P’s China sovereign rating cut is a wrong decision

China Finance Ministry: S&P’s China sovereign rating cut is a wrong decision

China Finance Ministry: S&P’s China sovereign rating cut is a wrong decision

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An official from the Chinese Finance Ministry is out on the wires now, via Reuters, condemning S&P’s China sovereign credit rating downgrade.

Key Headlines:

S&P’s China sovereign rating cut is a wrong decision

Decision neglects the characteristics of China financial market’s financing structure

Decision neglects China’s sound economic fundamentals, development potentials

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