Foreign Media: Moody's Ratings agency has recently upgraded China's credit outlook from "negative" to "stable," expressing confidence in China's economy.
Moody's initially downgraded China's sovereign rating from Aa3 to A1 in 2017, and adjusted the outlook to negative in December 2023. However, in its latest rating report, Moody's maintained China's long-term rating at A1, emphasizing the resilience demonstrated by the Chinese economy amid trade and geopolitical pressures.
The report also noted improvements in China's economic fundamentals and a significant strengthening of institutional forces. In the first quarter of 2026, China's gross domestic product (GDP) growth reached 5%, exceeding expectations, successfully mitigating the impact of rising energy prices caused by the closure of the Strait of Hormuz.
Original Source: toutiao.com/article/1863724650647623/
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