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: AP

Why is Beijing so angry about the Moody’s downgrade?

China’s lower sovereign rating comes as Beijing is set to open the door to foreign players

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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: AP
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