June 5th, China Fortune Media Group's China Fortune Institute and the United States Peterson Institute for International Economics held cross-ocean video conference, analyzed the impacts after Moody's downgrade China's sovereign rating.

Experts both in China and abroad have expressed about the decision and the impact it might have on the Chinese economy. Chinese experts think Moody's downgrade to A1 from Aa3 came at the wrong time and was based on miscalculations. One of the reasons is that most people think China's worst economic period is over and the government has brought debt under control in recent years.