In early March this year, the rating agency Moody's Investors Service affirmed China's Aa3 government bond rating to negative from stable, which aroused criticism from some Chinese officials.

ANBOUND has earlier provided analysis on this matter and advises that instead of directly denying the ratings made by the international rating agencies, China should take the bull by its horns and highlight the different standards used by the rating agencies resulting in double standards or even multiple standards on sovereign ratings.

China is moving towards globalization, China should not care less about international ratings, as this is not only an international rule but also an international language.