Moody's has downgraded China's sovereign credit rating:
http://money.cnn.com/2017/05/23/investing/china-debt-downgrade/index.html
http://www.cnbc.com/2017/05/23/moodys-downgrades-china-rating-to-a1-from-aa3-with-stable-outlook.html
Moody's warns another downgrade may happen in the future:
http://www.reuters.com/article/us-china-economy-rating-idUSKBN18M06Z?il=0
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