Home / Business

Moody's remains confident in outlook

By Cecily Liu in London | China Daily | Updated: 2017-05-18 07:12

Leading rating agency Moody's Investor Services Inc has affirmed it is confident that China's economy is well geared to withstand financial shocks, despite the nation's high debt levels.

"China, more than other emerging markets, has the ability to manage its own future, at least within the confines of its domestic financial system and the domestic economy," said Alastair Wilson, Moody's head of global sovereign rating.

He was speaking at Moody's annual emerging markets forum in London on Tuesday. Wilson said China's fiscal strength, its partially closed capital account, and high foreign exchange reserves are all well placed to help it absorb shocks, if necessary, and dissipate them over time.

Moody's remains confident in outlook

Today's Top News

Editor's picks

Most Viewed

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