Rated ‘E’for Exaggerate
Not long after the embarrassing crash of two, flagship bullet trains in July, China's Ministry of Railways officials could again muster smiles after winning a higher bond rating from a domestic credit firm.
But the upgrade by China Dagong Global Credit Rating Co. Ltd., an established firm that controls about 30 percent of the market for municipal bonds, triggered a broad debate about rating agencies and their recent decisions in China.
- Caught in Rising China's Centrifuge
- Gov't Orders End to Sending Blood Samples Abroad for Fetus Sex Checks
- Capital Said to Plan Residence Permit System to Address Benefits Inequality
- Reserved Parking
- The New Capital of Bio-Tech and Life Sciences
- Young at Art
- Bumper Harvest
- Embattled Founder Securities 'Cannot Reach Its Chairman'
- Fantasy Islands: Chinese Dreams and Ecological Fears in an Age of Climate Crisis
- Shanghai Future: Modernity Remade
- Sign up to receive our free daily newsletter
- HR Boss of Major Telecoms Supplier 'Missing after Making Graft Allegations'
- Samsung Loses Connection with Chinese Consumers in 2014
- Scandal-Hit GlaxoSmithKline 'to Lay Off 1,000 Employees in China'
- Mao's Winding Road to Socialism
- Year after Launch of Shanghai FTZ, Three New Zones Set to Open
- PBOC Hits Back at Criticism of Currency Swap Deal with Russia
- China Boots Up an Internet Banking Industry
- Provincial, Regional Gov'ts Prepare for a More Frugal Future
- Gov't to Give Employees 60 Pct Pay Hike as Part of Pension Reform
- Banks Trying Direct Route to Online Future