S&P confirms China’s ratings, says China will maintain robust GDP growth


© Reuters. FILE PHOTO: People wearing face masks walk through a main shopping area, following the coronavirus disease (COVID-19) outbreak in Shanghai, China January 27, 2021. REUTERS / Aly Song / File Photo

(Reuters) – S&P Global (NYSE 🙂 Ratings said on Friday it confirmed China’s ratings at A + / A-1 with a stable outlook, saying the country would likely 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 the rapid deployment of the vaccine,” S&P said in a note Friday. “We expect real GDP growth to reach 8.3% this year, before slowing to around 5% from 2022 to 2024,” he added https: //

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