S&P downgraded China to A+ from AA-, a one notch change. It may however be worth reading between the lines.
Standard & Poor's cut its rating on China's long-term debt rating following a prolonged period of strong credit growth that has increased the country's financial and economic risks. Moody's lowered its sovereign rating in May on similar concerns.
S&P said the recent government efforts to rein in borrowing by companies could help mitigate financial risks, although it still expects that Chinese corporate debts will continue to grow over the next two to three years at levels that increase financial risks gradually.
Although this credit growth had contributed to strong real GDP growth and higher asset prices, S&P said it has diminished financial stability to some extent. In any case, the bulk of China's government debt is bought by state-owned banks and held to maturity, the economist noted.
Beijing has been clamping down on bank lending and property purchases, but those efforts are complicated by the government's determination to meet its full-year growth target of around 6.5 percent.
Apparently, the channel - which features news reports from the highly-respected publisher - was said to have violated local laws. This being the reason that the U.S. owned companies like Snapchat Inc comply, as local laws are far more restrictive here.
North Korea on Monday said that additional sanctions will push it to accelerate its nuclear plans, Reuters reported. Kim was also the first ambassador to Spain, with the North Korean Embassy opening in February 2014.
Patridge is known for starring on the MTV series The Hills , and has since appeared on Dancing with the Stars and Audrina . She says she started recording video of him, and he said, "Grow some balls and pull the trigger and file for divorce".
Manchester United fans react angrily after RyanAir cancel flights to Lisbon ahead of their Champions League clash with Benfica . The flights cancelled were between Dublin and four destinations - Amsterdam, Frankfurt, Nantes and Santander.
And since he knows the president is most likely watching, he had a special message to Trump: "Hello, thank you for doing us". The bit subtly slammed the Trump administration's claims about the size of the crowd at the inauguration in January.
America's Got Talent judge Simon Cowell was apparently rooting for the talented young girl to win the season. Singer Kechi survived a horrific plane crash and burns over her entire body to make it to the AGT finals.
The Moto G4 is still neglected but that's ok because the Android O promise was published only on the G4 Plus marketing materials. What's coming in Android Oreo? Despite the similar hardware, Motorola will only be upgrading the G4 Plus to Android O.
It is not immediately clear if the local government in the semi-autonomous Kurdish region would abide by Monday's court ruling. Turkey's strong economic ties to the Kurdish Regional Government ( KRG ) will weigh on any response from Ankara .
Wall St edges up on telecom gains; Fed meet in focus
Inflation has been kept in check, despite an otherwise healthy labor market, which should theoretically lift prices and inflation. While the UK's FTSE 100 Index edged down by 0.1%, the German DAX Index and the French CAC 40 both crept up by 0.1%.
Bihar: Rs 389 cr dam collapses before inauguration
Speaking on the incident, Minister of Water Resources, Lallan Singh said, "The dam broke due to release of water in full capacity. The incident has not caused any damage to the newly constructed part of the project", Lallan Singh had said.
Lenovo and Google Unveil Moto X4 Android One Edition for $399
As such, it will be updated to Android Oreo promptly ( promised by the end of the year) and Android P, which will launch in 2018. The rear dual camera setup compromises of a 12-Megapixel sensor+8-Megapixel ultra-wide angle lens with 120-degree field of view.
Game of Thrones' Bryan Cogman Developing Fifth Prequel
HBO already has four possible Game of Thrones prequels in development, why not add a fifth? Speculate away, Game of Thrones fans. Throughout Game of Thrones season 7 , Arya Stark has been showing off her mad knife skills, using the dagger Bran gave her.
Timmons suspended 'indefinitely' by NFL Dolphins
The Dolphins brought Timmons in primarily for his run defense, and was set to be the team's key blitzer. However, the Dolphins linebacker was later found at Los Angeles International Airport (LAX).
Major 7.1 magnitude natural disaster strikes Mexico city
The AP reported that the governor of Morelos says 42 people have died in his central Mexican state following the quake. Moderate shaking - or intensity 5 shaking - is defined by the USGS as "felt by almost everyone; many awakened".
Irma death toll rises in Florida
Scott's rule will expire in 90 days, and he vowed to take action against facilities that don't comply within the 60-day deadline. On Saturday, power was restored to at least three nursing homes and 10 assisted living facilities housing elders in Florida.
Angela Merkel challenged on abortion by woman with Down's
"We must fight against the leaders of the party, but we must not attack their sympathizers", said the SPD candidate. She is standing for a further term in office and the polls are predicting that she will be re-elected on Sunday.
New Call of Duty: WWII Trailer Details the Story
This will be our second look at the game's campaign , having been only shown once during the initial reveal in a short trailer . Day two will bring us details about the squad you'll be part of in the campaign, which Sledgehammer teased at the game's reveal.