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For the international rating agency Moody's Wednesday lowered China's sovereign credit rating, China Banking Bank Financial Research Center released a report that the objective basis for downgraded rating, the overall level of debt in China is not high. Liabilities are mainly internal debt, external risk is very low; the debt pressure of various departments is not, the level of debt rise is unlikely to rise.

Moreover, the financial strength of China, the financial situation is more healthy, can be used a wide range of funds, the risk of debt risk is very small; macro policy adjustment room is large, due to have strong financial strength, fiscal policy use space, China's deposit reserve is still at a high level globally and has enough room to hedge the impact of capital outflows on the economy and the financial system. China's interest rates are also relatively high in major economies, such as adjustments Can play a strong policy effect.

The international rating agency Moody's downgraded China's long-term local currency and foreign currency issuer rating from Aa3 to A1 and adjusted the rating outlook from negative to stable. The downgrade reflects Moody's's expected damage to China's financial strength over the next few years, and the overall debt of the economy will continue to rise as the potential growth slows.

Moody's downgraded China's rating to ignite the market concerns, leading to China's stock market and the renminbi, including Asian stock markets have weakened. China's Ministry of Finance subsequently responded to the fire, from the Chinese economic outlook, the government's direct debt levels, government or debt law, respectively, to be criticized; later National Development and Reform Commission also follow-up response, said China's leverage work performance, debt risk control.

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