China on Tuesday firmly pushed back against a decision by US ratings agency Moody s to affirm China s credit ratings but cut its outlook from stable to negative, stressing that China s economy remains resilient, it has the capabilities to deepen reforms to tackle risks and challenges, and concerns over China s growth prospects are unnecessary.
China vows to swiftly carry out 1t yuan bond plan, in bid to further consolidate economic recovery en.people.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.people.cn Daily Mail and Mail on Sunday newspapers.
Chinese officials on Wednesday vowed to swiftly carry out a plan to issue an additional 1 trillion yuan ($137 billion) in special treasury bonds in the fourth quarter, which marks only a few times in history that China has issued special treasury bonds, maintaining that such a move will help further consolidate the positive recovery trend of the Chinese economy, while ensuring the country s debt level is still controllable.
The U.S. on Friday announced the creation of two economic working groups with China as part of bilateral efforts to cool tensions between the two countries. The groups will be led by the Chinese Ministry of Finance, the U.S. Treasury Department and the People’s Bank of China and headed up by Treasury Secretary Janet Yellen…
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