1. The rating agency Moody's will be in China and the United StatesSovereign credit ratingThe outlook has been downgraded to negative, causing widespread concern. China and the United States are two of the largest in the worldEconomyMoody's rating adjustment is undoubtedly global in the worldEconomyhas had a big impact. However, this downgrade does not mean materialCredit ratingdown, but for the futureEconomyOutlook for the situation**. Moody's ratingsThe agency thinks ChinaEconomySlowing growth, localDebtThe outlook has been revised to negative as well as the recession in the housing market, which could have a negative impact on China's fiscal revenues. However, based on the Treasury Department's response and relevant data, this assessment does not appear to be accurate.
ChineseEconomyThe growth rate is one of the fastest in the world, with China's GDP growing by 5% year-on-year as of the first three quarters of 20212%, more than the United States and other developed countries. This growth rate is well above the global average and far enough to be called a slowdown. In addition, China on the localDebtmanagement and control have been relatively strict, although there are hidden in some placesDebtBut *** has taken proactive measures to reduce debt and has put in place accountability mechanisms to punish violations. The regulation of the real estate market is also continuing, and the stable development of the market is being promoted. As a result, Moody's adjustment to China's outlook does not appear to have fully taken these factors into account.
An important factor in this rating adjustment is Moody's rating of the United States. Moody's in November will be the United StatesSovereign credit ratingThe outlook was downgraded to negative, which causedUnited States**strong dissatisfaction. In order to balance the ratings of the two countries, Moody's may choose to adjust the China outlook to show fairness and impartiality. This trade-off strategy may be Moody's in response to the incomingUnited States**but it also indicates the existence of a subjective factor in the assessment of rating agencies.
For China, the rating adjustment is likely to have some impact on international investor confidence, leading to capital outflows and the expansion of negative expectations. However, ChinaEconomyThe reality is not as described by the rating agencies. China ** has taken a series ofEconomyreforms and measures to promoteEconomyTransformation and upgrading, stabilityFinancemarket, and maintained a relatively stable growth. These efforts will continue for ChinaEconomyof sustainable development.
In short, the adjustment of the rating agency does not mean ChinaEconomyThere really is a serious oneCreditIssue. ChineseEconomyGrowth and **DebtManagement has been highly evaluated internationally. The rating agency's outlook revision is more based on its global outlookEconomyThe situation is the most important one, as well as in the face of the United States and ChinaEconomyBalance considerations are required. It is important for investors and policymakers to understand the rating agencies' rating methodology, the reasons behind them, and the substantive significance of rating adjustments. Only by comprehensively considering various factors and making a comprehensive judgment can we better grasp itEconomyThe general trend and opportunities of development.
In the long run, China still faces a series of problemsEconomychallenges, such as structural reformsFinanceImprovement of risk management and innovation capabilities. The rating adjustment reminds us that we need to further intensify reforms and adjustments to ensure:Economysustainable development and stability. At the same time, it is necessary to strengthen the ...FinanceMarket regulation and control, preventionFinanceOccurrence of Risk. At the same time, we should not rely too much on the rating results provided by rating agencies, but should make reasonable judgments and decisions through our own analysis and research. Only in this way can we better adapt to and lead the worldEconomyThe change of the situation is driving ChinaEconomyAchieve high-quality development.