Perhaps Markets and Investors Should Be Cheering S&P Downgrade of China

The stock was trading down just 0.2% at $51.21, versus $55.70 when Moody’s issued its May downgrade of China. China Unicom (Hong Kong) Ltd. (NYSE: CHU) was actually positive on the day, up by 1.1% at $14.66, and its shares were up 4% at $14.38 back in May.
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