Moody's Flags Resilience in China Economy, Moves Outlook to 'Stable'

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The credit rating agency Moody's confirmed this Monday China's 'A1' long-term solvency note, while improving its 'negative' to 'stable' outlook, to reflect its confidence that the country's economic and fiscal strength will "stay firm" in the face of current domestic, commercial and geopolitical challenges, underlining that "growth resilience" has avoided the need for further fiscal stimulus to address external uncertainty.

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Moody’s shifts the perspective from “negative” to “stable” and argues that Beijing will resist the trade and geopolitical shock without an immediate deterioration of its solvency.

CNN Brasil

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On Monday (27) the Moodys credit rating agency reviewed China's perspective from ☆negative to stable, citing the resilient economic and fiscal force despite continuous internal pressures and trade and geopolitical challenges. The agency said that export growth will probably be moderated, but China's competitiveness should dampen the slowdown, allowing GDP growth to decline only gradually.