Related News
‘Credit-positive’ reforms help rating
Print Edition
China’s sovereign rating will remain stable because its market-oriented reforms are “credit-positive,” Moody’s said yesterday.
“We have a stable sovereign rating outlook on China and expect that economic growth will remain relatively robust, albeit at a slower rate of around 7.5 percent in 2014,’’ Tom Byrne, senior vice president of Moody’s Investors Service, said in yesterday.
“Reform measures, including perfecting a modern market system and unifying urban and rural development, will be credit positive for China,’’ he said in Shanghai.
The measures are part of a package of reforms released after the third plenum of the Central Committee of the Communist Party of China, which stressed that the market should play a decisive role.
Moody’s also outlined four potential downside risks in the medium term — debt build-up in local government financing vehicles, a boom in shadow banking, financial health problems of the state-owned industrial sector, and social tensions related to urbanization and property rights.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
