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ASIAdocument.write(“” + m[today.getMonth()+1]+ ” “+ today.getDate()+”, ” + theYear + ” “);HOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperChina Daily Global PDFChina Daily Global E-paperBusiness /LatestEconomyPolicy WatchChina DataCompaniesMarketsIndustriesViewMotoringTechGreen ChinaChina ExpoFinance minister unfazed by Moodys outlook cutBy Chen Yingqun and Zheng Yangpeng(chinadaily.com.cn)Updated:2016-03-20 17:23Comments Print Mail Large Medium SmallChinas Finance Minister Lou Jiwei speaks at the China Development Forum in Beijing on Sunday. [Photo by Feng Yongbin/China Daily]Chinas Finance Minister Lou Jiwei said he was untroubled by US ratings agency Moodys Investors Service lowering its outlook on Chinas sovereign credit ratings from “stable” to “negative”.Speaking at the China Development Forum in Beijing on Sunday, Lou said he had not observed a negative response from any market international or domestic to the change in outlook.Moodys made the change earlier this month, citing governments weakening fiscal metrics and rising contingent liabilities.Lou said he understood Moodys concerns about Chinas local government debts and whether the country would be able to carry out its overcapacity reduction and structural reform programs smoothly.However, he reiterated the central governments resolve to push through with reform, and the related measures to be taken.The minister was responding to Asian Infrastructure Investment Bank president Jin Liqun, who raised concerns that the change in outlook might affect the AIIB, as China is a major shareholder.However, Lou said: “We dont much care about the ratings.”China has the confidence to restructure and the ability to realize that confidence, as evidenced by the markets reaction and the governments commitment, he added. Previous Page1 2 Next PagePrevious Page1 2 Next Page8.03KPhotoJack Ma and Mark Zuckerberg attend China Development ForumPet care points to a rewarding career trackWorlds biggest computer and software fair CeBit kicks off in GermanyTop 10 exporters of cultural goodsLargest blue diamond to appear at auctionTop 10 targets of the 13th Five-Year PlanChina Economy By NumbersChina Economy by Numbers – Dec China Economy by Numbers – Nov NewsmakerUK-born businessman heads revolution in Chinas canteens Chinese rank among worlds wealthiest 62Most ViewedTodays Top NewsGerman firms see opportunities in new Five-Year PlanTime for the world to copy Chinese innovation: Xiaomi founderBenefits outweigh concerns on Chinese M&A abroad: HSBCJack Ma and Mark Zuckerberg attend China Development ForumChina has no reason not to have better planned cities, says scholarArtificial intelligence can change the world: ZuckerbergLancang-Mekong Cooperation vital to regional stability, boosting economic development: CambodiaSmall change is big problem for Chinas coin reformHot TopicsFiat SpA Peugeot SA Taxi app Internet finance Housing price Disneyland 12306.cn WeChatEditors PicksTop 10 most valuable global brands Top 10 most innovative carmakers of 2015 Top 10 Chinese cities with most startups Top 10 sectors with market potential in Government Work Report SpecialsWorld Robot Conference 2015Made in China – fight against counterfeit goods2015 Beijing Forum for Emerging Markets…| About China Daily | Advertise on Site | Contact Us | Job Offer | Expat Employment |Copyright 1995 -var oTime = new Date();
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