Moody's Cuts China's Rating For First Time Since 198903:45
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May 24, 2017

This article is more than 4 years old.

Moody's Investors Services cut China's credit rating for the first time since 1989 this week, changing its outlook from stable to negative.

Here & Now's Jeremy Hobson speaks with CNN's Maggie Lake (@maggielake) about what's behind the decision.

This segment aired on May 24, 2017.

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