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Hong Kong s budget boosts confidence with concrete plans, mainland s support
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US delegation tests China s stance by raising concerned issues
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Rating agency Fitch Ratings on Tuesday downgraded the US government’s top credit rating, citing fiscal deterioration over the next three years and a steady deterioration in governance over the past two decades, marking only the second time in history that the US has been stripped off its top-tier credit rating. The downgrade has dealt a serious blow to the US’ global reputation and standing amid a rapidly shifting global geo-economic situation.
Chinese officials said on Monday that China has achieved positive initial results in building a unified national market, and they vowed to further carry out the crucial strategy, which aims to root out local protectionism and give full play to the massive domestic market to boost growth, amid an increasingly complex global economic landscape.
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