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title: "National Development and Reform Commission — Stuff That Spins"
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# National Development and Reform Commission

**Type:** organization  
## Related Articles

- [China cracks down on top ratings for corporate bonds - Financial Times](https://stuffthatspins.com/spin/china-cracks-down-on-top-ratings-for-corporate-bonds-financial-times) — July 12, 2026

## Related Claims

- China has banned rating agencies from assigning AAA ratings to corporate bonds.

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