MOODY’S CREDIT RATING DOWNGRADES CHINA. FIRST TIME IN 30 YEARS

Rating agency Moody’s Investors Service downgraded China’s credit rating. This is the first time since 1989. A one-level downgrade, to A1 fromthe previous Aa3, occurs as the Chinese government struggles with the challenges of rising financial risks stemming from years of credit-fueled stimulus. Moody’s also changed the outlook for China from negative to stable. China’s […]

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FinTech more promising technology: The Blockchain

What is a blockchain… From Wikipedia: “A blockchain is a distributed database that maintains a continuously growing list of records, called blocks, secured from tampering and revision. Each block contains a timestamp and a link to a previous block. Through the use of a peer-to-peer network and a distributed time stamping server, a blockchain database […]

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U.S.-China trade deal is REAL: are markets rewarding the effort?

Under the motto “America first”, Donald Trump promised to impose stiff tariffs on goods imported from those nations deemed to threaten the US trading economy. China was one of the biggest targets, with a 45% tariff bullet to be fired at being repeatedly suggested during the whole “Make America great again” campaign. Never completely dismissed […]

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