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BEIJING Nike Air Max 1 Just Do It Black Australia , Sept. 22 (Xinhua) -- China's Ministry of Finance (MOF) on Friday said it was a "wrong decision" for Standard & Poor's (S&P) to cut China's sovereign credit rating.
The ministry said on its website that the decision was "perplexing" as the downgrade came while China's economic growth had gained a firmer footing with improving quality as the country continues to push supply-side structural reform.
S&P lowered China's sovereign credit rating by one notch to A+ from AA-, citing economic and financial risks from its fast credit growth.
Calling it "cliche," the MOF said it was a pity for S&P to focus on China's fast credit growth and debt issues, but ignore the country's distinctive financing structure Nike Air Max 1 Just Do It Orange Australia , the wealth-creating effect of the government's spending and its support for growth, as well as the sound development fundamentals and growth potential.
"The downgrade is a result of the international rating agencies' long-standing mode of thinking, and misreading of the Chinese economy based on developed countries' experiences," it said.
A video warning people to maintain vigilance against color revolutions has made a splash across Chinese social media since Monday nike air max 90 australia , a phenomenon one expert says may be related to the frequency with which new media voices have attacked the country's system.
The five-minute video, which was posted by the Communist Youth League of China (CYLC) on its official Sina Weibo account on Monday, says that although China is stable and peaceful and most Chinese people are living a happy life, the country is still facing the threat of color revolutions.
According to the video nike air max 97 mens australia , human rights lawyers and forces supporting "Tibetan independence" and "Hong Kong independence" are highlighting internal and external problems such as the Diaoyu Islands dispute and the South China Sea arbitration to threaten the country's interests and jeopardize social stability.
Behind these problems lurks the shadow of Western forces, particularly the US, which are attempting to subvert the Chinese government in the name of democracy, freedom and rule of law nike air max 97 womens australia , the video claimed.
Alongside pictures of refugee crises and terrorist attack victims, the video listed several countries that eventually fell into turmoil after being subjected to US meddling.
"To those people who are plotting a color revolution: If you want to turn China into a place like this, you will have to do it over my dead body," read the video's subtitles.
It subsequently warned Chinese people to love their country rationally and be wary of the dangers of color revolution.
The video has been shared over 48 nike air max 97 australia ,000 times and liked 43,029 times as of press time.
"It is a reflection of Chinese youngsters' stance," Jin Canrong, deputy director of the Center of American Studies at Renmin University of China nike air vapormax womens australia , told the Global Times. "In recent years, alongside the booming of the new media industry, voices that spread Western values and attack the Chinese government and political system have been frequently seen on many new media platforms, especially those that are controlled by capital nike air vapormax mens australia ," Jin explained.
History shows that color revolutions have not brought democracy but have in fact worsened the situation in many countries, so China's citizens should be alert to the threat of color revolutions and boycott them to defend the country, he stressed.
The People's Daily, the flagship newspaper of the Communist Party of China nike air vapormax australia , also said on its official Sina Weibo on Monday that color revolutions are horrible because the people who instigate them think they understand everything while inadvertently turning their destiny over to overseas forces and becoming a piece in their chess game. After being thus used, the so-called revolutionaries can only feel grief and self-accusation.
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