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S&P takes Melco Crown (Macau) off CreditWatch Negative

January 24, 2017

HONG KONG – S&P Global Ratings today affirmed its 'BB' long-term corporate credit rating on Melco Crown (Macau) Ltd. (Melco Crown). It said the outlook is negative. “At the same time, we lowered our long-term Greater China regional scale rating on the Macau-based casino operator to 'cnBB+' from 'cnBBB-' and on the notes to 'cnBB' from 'cnBB+', said S&P Global Ratings credit analyst Sophie Lin.

Demand for luxury returns with China’s wealthy earning, spending more

January 19, 2017

SHANGHAI - China's wealthiest people have been busier earning big money, and more content to spend up big in 2016, according to the Hurun Report's latest findings. The report is based on a four-month survey of about 450 millionaires on the Chinese mainland, defined as those with a personal wealth of more than RMB10 million yuan (USS 1.46 million).

Asia-Pacific Sovereign Rating trends stable despite more negative outlooks

January 13, 2017

SINGAPORE - The number of negative outlooks for Asia-Pacific economies remains at a level not seen since the middle of 2010, when the region was still emerging from the global financial crisis, says S&P Global Ratings.  Sovereign credit trends, however, continue to be stable in most economies in the region over the next one to two years.

China’s history textbooks to change the length of war against Japan

January 13, 2017

BEIJING – The State newsagency, Xinhua, reports that, this spring, China’s textbooks will adopt the phrase “14-year Chinese People’s War of Resistance Against Japanese Aggression,” in place of the current wording, according to the Ministry of Education. China became the first country to fight against fascist forces when Japanese troops began their invasion of northeast China on September 18, 1931.

World Bank Group launches free, interactive trade and competitiveness data platform

January 9, 2017

WASHINGTON— The World Bank Group today launched TCdata360, a free, open, and easy–to-use online platform that collects, analyses and visualises trade and competitiveness data.  The website is designed to help policymakers, development practitioners, academics and citizens better understand critical issues, and to create more informed policies in the areas of trade, investment, innovation and the general economy.