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Bai Chong'en, director of the National Institute for Fiscal Studies at Tsinghua University, pointed out that profits for businesses in China had increased considerably in the first half of 2017 and had equipped them with a stronger debt-paying ability, and S&P's downgrading decision should have also taken this fact into account.
Baijiu-producing companies are eager to enter Western markets.

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Based on the principle of mutual benefit and win-win, it realized local production in the countries and regions by exporting capital and technology. Under the initiative, Sinotruk is in steps expediting its expansion abroad by way of investment, joint venture cooperation and mergers and acquisitions-establishing manufacturing centers overseas and realizing localization of production and sales.
Bank of China, Industrial and Commercial Bank of China, China Construction Bank and seven other domestic banks have adopted the global payments innovation service, an international payment facilitator by the Society for Worldwide Interbank Financial Telecommunication, a member-owned financial institution network.
来源:资阳报