Senior leaders of Taiwan Power Corporation (Taipower), China Steel (CSC), Chinese Petroleum (CPC) and Formosa Plastics Group (FPG) will join leading educationalists and representatives of Taiwan’s research community and high-tech industries at the 31st annual joint meeting of the ROC-Australia Business Council and the Australia-Taiwan Business Council (ATBC) at the Crowne Plaza Newcastle from September 14-17.
HONG KONG – Almost 15 months after placing China on negative outlook, Moody’s Investors Service today downgraded China’s sovereign rating to A1 from Aa3. Moody’s says the outlook is stable. Despite China posting better than expected GDP growth in Q1, Moody’s decision to downgrade stems from their expectation that China’s debt will continue to rise while potential growth slows, eroding the country’s credit metrics. Moody’s does not see the Government’s reforms as fully offsetting the rise in economic and financial risk.