Global EditionASIA 中文双语Français
Business
Home / Business / Macro

Moody's maintains stable outlook on Chinese economy

By Tan Xinyu | chinadaily.com.cn | Updated: 2019-07-05 10:03
Share
Share - WeChat
Travelers from home and abroad visit the Bund in Shanghai on May 29, 2019. [Photo by Yang Yi/For China Daily]

International rating agency Moody's affirmed China's A1 ratings and maintained a stable outlook.

According to a report released by the agency on Thursday, while economy-wide leverage will likely continue to rise and pockets of financial stress will periodically become apparent, the authorities have financial and policy means to contain the rise in leverage, mobilize resources to support stressed public sector entities and maintain financial stability.

Large fiscal and foreign exchange reserves and the government's control of parts of the economy and financial system lend effectiveness to measures aimed at stemming financial stability risks, it said.

Moody's expects tensions with the US to continue and oscillate between more and less intense phases, forecasting China's GDP growth rate will be 6.2 percent and 6.0 percent this year and next, respectively.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE