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|BEIJING http://www.authenticyankeesprostore.com/hats/ , Feb. 5 (Xinhua) -- Most of the top 10 valuable Chinese brands in 2017 are owned by state-owned banks and Internet powerhouses, according to a report by Britain-based consulting firm Brand Finance.
The Industrial and Commercial Bank of China, one of the five banking heavyweights in China, edges China Mobile to top the chart with a brand value estimated at 47.8 billion U.S. dollars, gaining over 10 billion U.S. dollars from 2016 and earning it the 10th place globally.
Alibaba http://www.authenticyankeesprostore.com/t-shirts/ , China's top e-commerce firm, boasts the most valuable brand among Chinese Internet companies, having the value surging by 48.5 percent year on year to reach 34.8 billion U.S. dollars.
Tencent ranks the 10th domestically with a brand value of some 22.3 billion U.S. dollars, according to the Brand Finance report which unveiled the top 500 most valuable brands in the world.
Compared with last year, Tencent's WeChat http://www.authenticyankeesprostore.com/hoodie/ , the most popular instant messaging app in China, ascended more than 100 rungs up the global value ladder with some 13.1 billion U.S. dollars.
Baidu took a nosedive in the hierarchy by retreating 50 slots globally.
The world's most valuable brand is claimed by Google, which surpassed Apple with the intangible asset worth some 109.7 billion U.S. dollars.
Gauges used by Brand Finance for the ranking include brand strength, potential value of brand licensing and prospect sales volume.
SEOUL, April 10 (Xinhua) -- Global credit rating agency Moody's on Friday revised up South Korea's credit rating outlook from " stable" to "positive."
Sovereign credit rating for the South Korean economy stood unchanged at "Aa3 http://www.authenticyankeesprostore.com/customized/ ," the fourth highest in Moody's rating measurement.
Moody's cited three reasons for the upgraded outlook, including improved management of public corporation debt, reduced vulnerability to global market turbulence and ongoing track record of fiscal prudence.
"Recent policy measures have started to gain traction in improving the operational efficiency and reducing the debt burden of non-financial state-owned corporations," Moody's said in a statement.
The country's public corporation debts have risen, since the global financial crisis http://www.authenticyankeesprostore.com/ , to 36.6 percent of GDP in 2013. The rating agency forecast that the ratio would fall below 30 percent by 2017.
It also said corporate and banking-sector reliance on external funding has reduced in the country on macro-prudential regulatory measures and improved risk management.
Short-term external debts by banks and companies have reduced to 115 billion U.S. dollars as of the end of 2014 from 190 billion dollars in September 2008.
South Korea has a strong fiscal position, leaving a relatively large room for policy space to cope with external shocks and contingent domestic risks, the rating agency said.
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