Posted inChina, World

China’s finance ministry says S&P’s ratings cut ‘wrong decision’

China’s finance ministry said on Friday S&P Global Ratings’ decision to downgrade the country’s sovereign credit rating was “a wrong decision” that neglects the economic fundamentals and development potential of the world’s second-largest economy. S&P on Thursday cut China’s long-term sovereign rating less than a month ahead of one of the country’s most sensitive political […]