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- Standard & Poor's affirms its AA- sovereign rating for China
Standard & Poor's affirms its AA- sovereign rating for China
Standard & Poor's Ratings Services affirmed its AA- sovereign rating for China on Monday. The outlook remained stable.
The agency said that China will make a significant progress toward economic rebalancing in the next two years. According to S&P, China's economy should be driven by consumer spending and not by investments. The agency noted that there is progress in reforming the financial sector.
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