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FILE - In this photo released by Xinhua News Agency, cyclists, some take selfie as they take rest against the sunrise skylines in Pudong, China's financial and commercial hub, in Shanghai, China on Friday, Nov. 3, 2023. Credit rating agency Moody’s cut its outlook for Chinese sovereign bonds to negative on Tuesday, Dec. 5, 2023, citing risks from a slowing economy and a crisis in its property sector.(Wang Xiang/Xinhua via AP, File)

FILE - In this photo released by Xinhua News Agency, cyclists, some take selfie as they take rest against the sunrise skylines in Pudong, China's financial and commercial hub, in Shanghai, China on Friday, Nov. 3, 2023. Credit rating agency Moody’s cut its outlook for Chinese sovereign bonds to negative on Tuesday, Dec. 5, 2023, citing risks from a slowing economy and a crisis in its property sector.(Wang Xiang/Xinhua via AP, File)

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