In the first half of this year, the number of the world's sovereignty rating downgrading has reached a new high over the same period.

To date, Fitch Ratings has downgraded the sovereign credit rating of 14 countries, Standard & Poor’s 18 countries, and Moody’s 24 countries; this is much higher compares with last year where only 10 countries were downgraded.

ANBOUND’s research team suggest that the lowering of more countries’ sovereignty rating will lower the countries’ credit ratings and increase the cost of financing of the countries’ businesses; this in turn will highlight the stability and credibility of some major developed countries.

This changing situation will affect international capital flows, exchange rate stability and investment flows; China should pay high attention in these matters.

Under the current development, China should maintain market stability and show to the international capital a positive image of stability and security.