Moody’s rosy on outlook
Print Edition
A sound global environment will help the Chinese economy keep its pace and gives the government more room to tackle challenges, including a hot property market and swelling government debt, Moody’s Analytics said yesterday.
“The global environment is the best in years,” said Alaistair Chan, analyst with Moody’s Analytics. “China’s economy enters 2014 in good shape.”
China’s economic growth is steady, inflation is below target, and household incomes are rising across the country, but the government needs to address a possible bubble in the housing market, high local government debt, worsening pollution and overcapacity in many industrial cities, he said.
“The favorable macro-economic environment provides an opportunity for China to deal with these long brewing issues,” Chan added.
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