The Moody’s downgrade came just weeks after China announced it would let foreign credit rating agencies do business on their own on the mainland. Photo: AFP

With ratings downgrade, Moody’s has failed to see the whole picture

Mainland China and Hong Kong have hit back, saying the ratings agency has not recognised the complexities of a mixed economy

Topic |   China economy

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The Moody’s downgrade came just weeks after China announced it would let foreign credit rating agencies do business on their own on the mainland. Photo: AFP
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