UK's rating is downgraded
By Gao Changxin | China Daily | Updated: 2011-05-25 07:48
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Shoppers in Oxford Street, London. Dagong's downgrade of the UK came after Standard & Poor's revision of the outlook for Italy's sovereign debt from stable to negative on May 21. Rogan Macdonald / Bloomberg News |
Chinese exports to Europe will be largely unaffected, economists say
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