The international rating agencies S&P Global has downgraded China’s sovereign credit rating, citing the country’s growing debt risks.
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9 Apr 2017
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![Singapore’s Prime Minister Lee Hsien Loong (left) shakes hands with China's President Xi Jinping before their meeting at the Great Hall of the People in Beijing on Wednesday. Photo: AFP]( "Singapore’s Prime Minister Lee Hsien Loong (left) shakes hands with China's President Xi Jinping before their meeting at the Great Hall of the People in Beijing on Wednesday. Photo: AFP")
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![Nearly 70 per cent of all new bitcoin are mined in China in warehouses where massive numbers of microprocessors are used to solve complex maths problems, rewarding miners with the digital currency. Photo: EPA]( "Nearly 70 per cent of all new bitcoin are mined in China in warehouses where massive numbers of microprocessors are used to solve complex maths problems, rewarding miners with the digital currency. Photo: EPA")
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![‘His remarks ... have convinced me, rather than frightening or stopping me, that the path I chose is correct and that it is the one I have to follow to the last’]( "‘His remarks ... have convinced me, rather than frightening or stopping me, that the path I chose is correct and that it is the one I have to follow to the last’")
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![S&P Global Ratings lowered China’s sovereign credit by one notch, citing economic and financial risks raised by a prolonged period of strong credit growth. Photo: Reuters]( "S&P Global Ratings lowered China’s sovereign credit by one notch, citing economic and financial risks raised by a prolonged period of strong credit growth. Photo: Reuters")
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![The surgery was carried out on a woman in Xi’an on Saturday. Photo: Handout]( "The surgery was carried out on a woman in Xi’an on Saturday. Photo: Handout")
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![Singapore’s Prime Minister Lee Hsien Loong (left) shakes hands with China's President Xi Jinping before their meeting at the Great Hall of the People in Beijing on Wednesday. Photo: AFP]( "Singapore’s Prime Minister Lee Hsien Loong (left) shakes hands with China's President Xi Jinping before their meeting at the Great Hall of the People in Beijing on Wednesday. Photo: AFP")
- 2
![Nearly 70 per cent of all new bitcoin are mined in China in warehouses where massive numbers of microprocessors are used to solve complex maths problems, rewarding miners with the digital currency. Photo: EPA]( "Nearly 70 per cent of all new bitcoin are mined in China in warehouses where massive numbers of microprocessors are used to solve complex maths problems, rewarding miners with the digital currency. Photo: EPA")
- 3
![The surgery was carried out on a woman in Xi’an on Saturday. Photo: Handout]( "The surgery was carried out on a woman in Xi’an on Saturday. Photo: Handout")
- 4
![S&P Global Ratings lowered China’s sovereign credit by one notch, citing economic and financial risks raised by a prolonged period of strong credit growth. Photo: Reuters]( "S&P Global Ratings lowered China’s sovereign credit by one notch, citing economic and financial risks raised by a prolonged period of strong credit growth. Photo: Reuters")
- 5
![Japan sits at the junction of four tectonic plates and experiences a number of relatively violent quakes every year]( "Japan sits at the junction of four tectonic plates and experiences a number of relatively violent quakes every year")
Commented
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![Posters advocating Hong Kong independence are put up on Chinese University’s “democracy wall”, on September 7. Photo: AFP]( "Posters advocating Hong Kong independence are put up on Chinese University’s “democracy wall”, on September 7. Photo: AFP")
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![(Left) Alan Leong Kah-kit and Emily Lau Wai-hing (right) meet Chris Patten (centre) before the luncheon held by Democratic Foundation Hong Kong in Central. Photo: Edward Wong]( "(Left) Alan Leong Kah-kit and Emily Lau Wai-hing (right) meet Chris Patten (centre) before the luncheon held by Democratic Foundation Hong Kong in Central. Photo: Edward Wong")
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![Cliff Buddle says the freedom of expression, even if abused, is a defining feature of the Hong Kong SAR that must be protected. Attempts to suppress all talk of independence would risk provoking rallying cries]( "Cliff Buddle says the freedom of expression, even if abused, is a defining feature of the Hong Kong SAR that must be protected. Attempts to suppress all talk of independence would risk provoking rallying cries")
- 4
![Hongkongers retain a fondness for cash payments, even as cash lessens its grip globally. Photo: Bloomberg]( "Hongkongers retain a fondness for cash payments, even as cash lessens its grip globally. Photo: Bloomberg")
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![The minutiae of the Asean-Hong Kong free-trade agreement will be a major factor in whether Hong Kong can hold on to its traditional role as a centre for China-related trade. Illustration: Craig Stephens]( "The minutiae of the Asean-Hong Kong free-trade agreement will be a major factor in whether Hong Kong can hold on to its traditional role as a centre for China-related trade. Illustration: Craig Stephens")
Policies & Politics
China Communist Party expels former provincial chief for graft
China has expelled a former party boss of northwestern Gansu province from the Communist Party, the country’s anticorruption agency said on Friday, after an investigation showed he received bribes and was involved in “superstitious activities”.
In Pictures
‘Beijing’s Silicon Valley’ faces wrecking ball
A family sits and plays outside their rooms in a migrant village on the outskirts of Beijing. Photo: AFP
The days are numbered for those living in “Beijing’s Silicon Valley”, with demolition crews at the ready to tear down their homes as part of a citywide clean-up campaign. Photo: AFP
Dilapidated, one-room dwellings in Zhongguancun, which have housed those seeking work in the technology hub for two decades, are to be cleared under new zoning laws. Photo: AFP
Residents buying vegetables at an outdoor stall in the village. Photo: AFP
Surrounded by the sleek hi-tech campuses and luxury condominiums of “Beijing’s Silicon Valley”, migrants from the countryside recreate village life in the street. Photo: AFP
People eat dinner outside their rooms on a street in a migrant village on the outskirts of Beijing. Photo: AFP
Liu Huiqing, who works in a private company, talks on the phone inside his room, as he eats dinner in a migrant village. Photo: AFP
The village residents now face an uncertain future. Photo: AFP
One-room dwellings in Zhongguancun are to be cleared under zoning laws that seek to limit the population of the capital to 23 million by 2020. Photo: AFP
Girls play on the back of a rickshaw in a migrant village. Photo: AFP
Migrants who made their homes in the shadow of Beijing’s hi-tech hub will be displaced by city’s latest clean-up campaign. Photo: AFP
Demolition crews will soon arrive to flatten the village’s alleys packed with one-room dwellings. Photo: AFP
Migrants from China’s southwestern region have lived precariously for two decades in Zhongguancun. Photo: AFP
Zhongguancun has been a national base for the science and information technology industries since the 1980s. Photo: AFP
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