(Reuters) S&P Global Ratings has affirmed China’s stable output growth with an A+/A-1 rating amid disruptions by the COVID-19 pandemic.
S&P expects China to maintain economic growth above average compared to its peers in the next few years.
The global rating body says effective containment of the coronavirus and rapid rollout of vaccines will be crucial to China’s growth.
S&P has projected China’s real GDP expansion to hit 8.3% this year before slowing to about 5% between 2022 and 2024.
CSI 300 is up +1.63%, USDCNY is down -0.25%.
