But Michael Kors will be opening soon

Moody’s lowers country’s rating for first time since 1989 to reflect concerns over rising debt. [Read more].

• Angela Monaghan, China’s credit rating downgraded amid fears over slowing economy, The Guardian, May 24, 2017

Chinese shoppers walk through a mall in 北京 (Běijīng), China. Photo: 王身敦 (Andy Wong)/AP.