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Moody's cut China's credit outlook to negative on rising debt risks (www.cnbc.com)

Ratings agency Moody’s downgraded its outlook on China’s government credit ratings to negative from stable, expecting Beijing’s support and possible bailouts for distressed local governments and state-owned enterprises to diminish China’s fiscal, economic and institutional strength....

PA unfit to govern Gaza post-Hamas, White House says National Security Council spokesman John Kirby tells ABC only 'reformed and revitalized Palestinian Authority' could competently carry out the task (www.ynetnews.com)

The Palestinian Authority in its current state is not capable of governing the Gaza Strip after Hamas is defeated, White House National Security Council spokesman John Kirby said on Sunday....

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