What is China's sovereign credit rating?

Well, there are three main companies in the world that do national sovereign credit rating: one is Standard & Poor's, and the rating standards used are AAA, AA+, AA, AA-, A+, A-, BBB+, BBB and so on. , until the c of complete garbage, the score is 2 1. The second is Fitch International, which adopts the same scoring standard as S&P. Third, Moody. Some grading standards are Aaa, Aa 1, Aa2, Aa3, a 1, a2, a3, Baa 1 and so on. , and all the way to C, it is also 2 1, but it is different from the first two names. It should be pointed out that these standards refer to the long-term rating of sovereign credit. Because there is another method for short-term debt rating, I won't go into details here. In addition, in addition to rating, these companies will add a "outlook" at the back. That is to say, use adjectives such as "rising", "stability" and "falling" to predict whether you are developing in a good direction or in a bad direction. The United States once occupied the highest rating among all institutions, but this time only Standard & Poor's downgraded the United States from the original AAA level to the second AA+, with a "downgrade" outlook. Other ratings such as Fitch are still "Aaa stable", while Moody's rated it as "AAA downgrade". So the 3A+ rating you mentioned does not exist, and the highest rating is 3A. As for China's current sovereign credit rating, Standard & Poor's rating is "AA- stable", Fitch rating is "AA- down" and Moody's rating is "AA3L". Are you particularly disappointed? Actually, you don't have to be too serious. Personally, I think that the ratings given by these rating agencies do not really reflect the true sovereign credit rating of a country, but only reflect the views of the international financial community on the sovereign credit rating of the country. However, these authoritative institutions in the international financial community are biased, and it is inevitable to look at people with colored glasses. In fact, the national credit is good or bad, mainly depending on your repayment ability, how much debt you owe, whether you have a record of default in the past and so on. In most countries with sovereign debt crisis, foreign exchange reserves are not enough to meet the debt interest, so they can't continue to pay their debts, so their credit goes bankrupt. China, for example, has a GDP of over US$ 5 trillion and foreign exchange reserves of over US$ 3 trillion, but only owes a small foreign debt of US$ 548.9 billion. We should be happy, we can pay off nearly six times the foreign debt in one night! Their evaluation is very low. Look at Spain, a country on the verge of sovereign credit crisis, and the whole world is worried about it. But people's evaluation in Standard & Poor's is AA, which is better than China. How dare you borrow money from China? Aren't you higher than China's sovereign credit rating? So at present, these international rating agencies are also quite entangled. On the one hand, they rate China, on the other hand, they call on China to assume greater responsibilities in the world financial community. Don't you think this is a joke? Whoever has high ratings, you should be responsible for it, and it is only natural! So we must know that the world's financial hegemony, including sovereign rating, is still firmly in the hands of the United States, and there is not much credibility in it. But you don't buy US Treasury bonds today, and there is nowhere else to go. That's what people do. But if you play this game too much, you will go bankrupt sooner or later. China can't work hard and save money by himself. It is only a matter of time before it competes for the control of world finance, but it is still far from now. What we need now is patience, and the future is determination!