S&P Global Ratings said on Friday that it affirmed China's ratings at A+/A-1 with a stable outlook, saying the country was likely to maintain above-average economic growth relative to other middle-income economies in the next few years.
FILE PHOTO: People walk past an ArcFox Alpha-T electric vehicle displayed at a newly opened shopping mall in Beijing, China April 16, 2021. REUTERS/Tingshu WangREUTERS: S&P Global Ratings said on Friday that it affirmed China's ratings at A+/A-1 with a stable outlook, saying the country was likely to maintain above-average economic growth relative to other middle-income economies in the next few years.
"This is in part due to its effective containment of the COVID-19 pandemic and rapid vaccine rollout," S&P said in a note on Friday."We expect real GDP growth to come in at 8.3per cent this year, before moderating to about 5per cent from 2022-2024," it added https://bit.ly/3qq7Kx8.
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