Latest report now out from the US ratings agency

  • affirms AA/A-1+ ratings.
  • outlook stable
  • expects credit in China to grow roughly in line with GDP
  • China's mon pol is largely credible and effective
  • China will make progress toward economic rebalancing
  • China's ratings reflect view of govt reform agenda and growth prospects

Seemingly upbeat report from S&P. Let's hope their optimism is well founded