S&P Global Ratings downgraded China’s long-term sovereign credit rating by one notch on Thursday to A+ from AA-, citing increasing risks from the country’s rapid build-up of credit. Source: Reuters
China’s economic growth cooled to its weakest pace since the global financial crisis in the third quarter, with regulators pledging further policy support as a years-long campaign to tackle debt risks and the trade war with the United States began to bite. Source: Reuters
Russian President Vladimir Putin said Thursday that his country is ready to further strengthen coordination and cooperation with China to safeguard and promote common interests and global peace and development. Source: Xinhuanet
If Theresa May wanted proof she is running out of friends in Europe, she need only have ventured to the Roy d’Espagne brasserie in Brussels late last night. For while the Prime Minister dined alone after another summit mauling, Angela Merkel, Emmanuel Macron and the rest of their European chums were drinking the night away and enjoying the city’s famous beers. Source The Telegraph
