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Moody’s affirms China rating, raises outlook to ‘stable

An official of China's Ministry of Finance (MOF) estended appreciation on Monday for Moody's decision to affirm China's sovereign credit rating and upgrade its outlook to "stable," according to the official website of the MOF. The official noted that the rating reflects Moody's strong recognition of the resilience of China's macroeconomic and fiscal strength in the face of external shocks, as well as the new momentum and progress in China's high-quality economic development. [...]