China’s economic growth to remain stable: Moody’s

China’s economy will see stable yearly growth of 7 to 8 percent through 2017 without any collapse, Moody’s Investors Service said on Tuesday.

The renowned US bond credit rating agency said at an annual credit risk conference that China’s new leadership is advancing the country’s reform and rebalancing at a measured pace, which can tamp down asset bubbles and prevent a boom-bust cycle.

China’s consumer price index, a main gauge of inflation, will also remain low to moderate, and asset inflation in land and housing prices are contained, according to Moody’s.

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Xinhua via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/FBSXG0DR2J4/