Ambrose Evans-Pritchard
London Telegraph
July 13, 2010

Dagong Global Credit Rating Co used its first foray into sovereign debt to paint a revolutionary picture of creditworthiness around the world, giving much greater weight to “wealth creating capacity” and foreign reserves than Fitch, Standard & Poor’s, or Moody’s.

A d v e r t i s e m e n t
The US falls to AA, while Britain and France slither down to AA-. Belgium, Spain, Italy are ranked at A- along with Malaysia.

Meanwhile, China rises to AA+ with Germany, the Netherlands and Canada, reflecting its €2.4 trillion (£2 trillion) reserves and a blistering growth rate of 8pc to 10pc a year.

Dominique Strauss-Kahn, chief of the International Monetary Fund, agreed on Monday that the rising East is a transforming global force. “Asia’s time has come,” he said.

http://www.telegraph.co.uk/finance/china-business/7886077/Chinese-rating-agency-strips-Western-nations-of-AAA-status.html

When will it be our turn?

olas2u:

When will it be our turn?

Our turn to do what?
I think that the Chinese rating agency is right, European rating agencies have put too much value on mere stock prices in rating nations credit, when external reserve and GDP are the sign of the real health and wealth of nations. Now the Chinese agency is in error, they failed to reckon per capita because their nation is very ugly in that regard. But anyhow they're beginning to rewrite false dogmas.

Holla!

how can one go about investing in the far east markets?

snowdrops:

how can one go about investing in the far east markets?

U need to go far east.

snowdrops:

how can one go about investing in the far east markets?

You don't need to move to far East to trade their stocks, you can register with:
http://www.ac-markets.com/
http://www.offshorestockbrokers.eu/trade_stocks.html
Disclaimer: this does not mean I endorse these companies, all trades are at your personal risk

But note that before you trade the markets, you'll need to get some basic understanding of how the market works and be able to read chart ticks to avoid taking a wrong position.

Holla!