Moody's cuts China's credit outlook to negative Stock Markets Published Dec 05, 2023 03:05AM ET
(Reuters) - Ratings agency Moody's (NYSE:MCO) on Tuesday cut its outlook on China's government credit ratings to negative from stable, citing lower medium-term economic growth and ongoing downsizing of the property sector.
and gentle reminder to QQQ most of the Chinese be it China Chinese or Outside China Chinese uphold ancient Chinese Value on the contrary CCP who is the one destroys and created its own CCP Value that against ancient Chinese Value. To CCP, Ancient Chinese Value just a tool can and can don't carry dependence on the benefit it gains to the CCP.
China is today the most vibrant innovative country..... U think can be vibrant innovative country if the governed and the government moves in different direction?
Posted by qqq47660 > 30 seconds ago | Report Abuse China is today the most vibrant innovative country..... U think can be vibrant innovative country if the governed and the government moves in different direction?
I do think that if China last time was to rule by GuoMingDang, today China will be much advance than what it is today by many folds. Just look at how TSMC and HongHai you will know.
Xiao...the revival of ancient tradition is at least 30 years in China already...there is no one to stop u if u want to read ancient books, wear ancient dress in China.
Posted by qqq47660 > 2 minutes ago | Report Abuse Actually China is far more united than Malaysia.....so what u want to talk?
Why u want to compare China to our small little country like what u mentioned earlier? and why u still staying here Malaysia? you should long move back to China if Malaysia no good, right?
Posted by qqq47660 > 1 minute ago | Report Abuse Xiao...the revival of ancient tradition is at least 30 years in China already...there is no one to stop u if u want to read ancient books, wear ancient dress in China.
You are very contradicting. Are you the one taking about ancient Chinese Value? Now you said other thing instead.
What I want to say is China is a very united very well governed place.....all developing countries can learn a lot from China, not spreading lies about China.
Confucianism has never left China. It is deep within China culture...in the early years the revolution, china wants to be modern and Confucius is considered to be backwards but that no longer true as China regains confidence .
The smartest, the most patriotic, the most hard working joins the CPC.....what do you mean by love Chinese hates CPC? More America propaganda because America lives in fear of losing America hegemony
The sooner Taiwan starts negotiating with the mainland the better the terms they will get. In a few more decades Taiwan will not have any bargaining powers and the mainland will just take it over without any negotiations
Moody's cuts China's credit outlook to negative Stock Markets Published Dec 05, 2023 03:05AM ET
(Reuters) - Ratings agency Moody's (NYSE:MCO) on Tuesday cut its outlook on China's government credit ratings to negative from stable, citing lower medium-term economic growth and ongoing downsizing of the property sector.
Real estate bubble, financial crisis, jobless rate, global supply chain restructuring, technology banned, local government debts only created by CCP. Worse than 3rd countries.
Posted by qqq47660 > 30 seconds ago | Report Abuse China is today the most vibrant innovative country..... U think can be vibrant innovative country if the governed and the government moves in different direction?
I do think that if China last time was to rule by GuoMingDang, today China will be much advance than what it is today by many folds. Just look at how TSMC and HongHai you will know.
Been proven by GDP per capital with free speaking and democratic election.
Posted by qqq47660 > 30 seconds ago | Report Abuse China is today the most vibrant innovative country..... U think can be vibrant innovative country if the governed and the government moves in different direction?
I do think that if China last time was to rule by GuoMingDang, today China will be much advance than what it is today by many folds. Just look at how TSMC and HongHai you will know.
Been proven by GDP per capital with free speaking and democratic election.
Giving 70 years to CCP, end up Real estate bubble, financial crisis, jobless rate, global supply chain restructuring, technology banned, local government debts. Worse than 3rd world countries.
New song in China no CCP : no Real estate bubble, no financial crisis, no high jobless rate, no global supply chain restructuring, no technology banned, no local government debts.
Ringgit lower against US dollar on yuan's weakness
KUALA LUMPUR: The ringgit ended lower against the US dollar on Tuesday following the weakening in the Chinese yuan after ratings agency Moody's cut its outlook on China's government credit ratings to negative.
At 6 pm, the ringgit decreased to 4.6610/6660 against the greenback from Monday’s close of 4.6550/6600.
Bank Muamalat Malaysia chief economist Mohd Afzanizam Abdul Rashid said the downgrade from stable to negative suggests that the odds of possible sovereign rating cut for China has escalated.
"This happened as the China government is ramping up its fiscal stimulus measures to bolster its economic actitivities as it needs to grapple with the weakening property markets.
"I think given that there is a positive correlation between the yuan and the ringgit, the weakneses in the yuan could result in a weaker ringgit,” he told Bernama.
The US dollar is central to Argentina's plan to fix its broken economy. There's just one hitch.
-Argentina's new president Javier Milei wants to adopt the US dollar to tame sky-high inflation. -There's a major problem with his plan to revive the ailing South American economy. -The Argentinian government doesn't have enough dollar reserves to ditch the peso, economists say.
Posted by IDQWE001 > 39 minutes ago | Report Abuse
Ringgit lower against US dollar on yuan's weakness
70 years ago Mao & its CCP keep on saying the fall of Ameica.
1. Kong Dongmei, granddaughter of Mao Zedong 2. Deng Zhifanf, son of Deng Xiaoping 3. Deng Zhuodi, grandson of Deng Xiaoping 4. Zhuo Yue, granddaughter of Deng Xiaoping 5. Jiang Mianheng, eldest son of Jiang Zemin 6. Jiang Zhicheng, grandson of Jiang Zemin 7. Hu Haiqing, daugter of Hu Jintao 8. Xi Mingze, daugter of Xi Jinping 9. Yang Jiechi, senior member of CCP entire family 10. too many just ignore the rest
End up all the above CCP 2nd and 3rd generation surrendered to America.
In 1979, Ke Lingling married Xi Jinping, but their life philosophy differed. Ke wanted to move to the UK, where her father at this time served as ambassador, but Xi refused to accompany her. In 1982 they divorced, ending three years of marriage; they had no children. After they divorced, Ke immigrated to the UK.In 1979, Ke Lingling married Xi Jinping, but their life philosophy differed. Ke wanted to move to the UK, where her father at this time served as ambassador, but Xi refused to accompany her. In 1982 they divorced, ending three years of marriage; they had no children. After they divorced, Ke immigrated to the UK.
Posted by IDQWE001 > 39 minutes ago | Report Abuse
Ringgit lower against US dollar on yuan's weakness
70 years ago Mao & its CCP keep on saying the fall of Ameica.
1. Kong Dongmei, granddaughter of Mao Zedong 2. Deng Zhifanf, son of Deng Xiaoping 3. Deng Zhuodi, grandson of Deng Xiaoping 4. Zhuo Yue, granddaughter of Deng Xiaoping 5. Jiang Mianheng, eldest son of Jiang Zemin 6. Jiang Zhicheng, grandson of Jiang Zemin 7. Hu Haiqing, daugter of Hu Jintao 8. Xi Mingze, daugter of Xi Jinping 9. Yang Jiechi, senior member of CCP entire family 10. too many just ignore the rest
End up all the above CCP 2nd and 3rd generation surrendered to America.
CCP loves America most and make America great again.
POWERLONG JOINS CHINA’S DEFAULTING DEVELOPER CLUB AFTER MISSING $16M INTEREST PAYMENT
Mainland developer Powerlong has joined the growing list of defaulting Chinese builders after missing a coupon payment on an offshore bond and hiring restructuring advisors, according to a company stock exchange filing on Tuesday.
Having failed to pay $15.9 million in interest on a set of dollar bonds by the 30 October due date, the developer said this week that it had failed to honour that obligation within the 30-day grace period, triggering a default and setting the stage for a debt restructuring.
China banks step up sales of bad loans as consumer defaults rise
SHANGHAI/SINGAPORE (Reuters) - Chinese banks are putting bad loans up for sale at a record pace, as regulators push for faster disposal of sour debts amid rising consumer defaults during an ailing post-COVID economic recovery.
Issuance this year of securities backed by non-performing loans (NPLs) is set to jump about 40% from a year ago to a record, data from a ratings agency showed, as lenders rush to offload distressed assets linked to mortgage, credit card and consumer borrowings.
This week alone, six banks including China Everbright (OTC:CHFFF) Bank and Bank of Jiangsu plan to issue 1.5 billion yuan ($210.49 million) worth of asset-backed securities (ABS) based on bad loans, according to sales prospectuses reviewed by Reuters.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by IDQWE001 > 2023-04-19 14:31 | Report Abuse
https://youtu.be/ZEZxZP4VTgA