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S&P affirms China ratings, says China to maintain robust GDP growth - Metro US

S&P affirms China ratings, says China to maintain robust GDP growth

FILE PHOTO: People wearing face masks walk at a main shopping area in Shanghai

(Reuters) – 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 8.3% this year, before moderating to about 5% from 2022-2024,” it added https://bit.ly/3qq7Kx8.

(Reporting by Kanishka Singh in Bengaluru; Editing by Alison Williams)

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