Moody’s Sees 6.5% Growth on Cards

Beijing should be ready to accept growth as low as 6.5% this year and the next to facilitate structural reforms needed to rebalance the economy, says Moody’s Investors Services.

“It’s a rare phenomenon where economies sustain rapid growth for even three decades, let alone for longer,” Thomas Byrne, senior vice-president on sovereign risk at Moody’s, told SCMP on June 17, 2014. The ratings agency predicts China’s real, or inflation-adjusted, gross domestic product growth with edge down into the 6.5 to 7.5% range this year and next, compared with double-digit rates of the past decade

~ SCMP, June 18, 2014 ~

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