Foreign Media: On April 27, credit rating agency Moody's upgraded China's sovereign credit rating outlook from "negative" to "stable," acknowledging the resilience of China's economy and fiscal position.
The agency believes that although trade tensions and geopolitical challenges may slow export growth, the competitiveness of China's manufacturing sector can buffer the impact, leading only to a gradual slowdown in GDP growth.
China welcomed the move, pledging to continue advancing economic structural transformation and enhancing fiscal sustainability. Moody's also noted that policies focused on high-productivity industries and prudent approaches to resolving local government debt will help improve capital efficiency.
Original article: toutiao.com/article/1863637989103623/
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