S & P affirmed the sovereign ratings of China

Almaty. November 23. Silkroadnews - International rating agency Standard & Poor's Ratings Services affirmed its long and short-term sovereign ratings for the People's Republic of China at the level "AA- / A-1 +", reports the agency Prime.
As stated the S & P's outlook on the rating is stable.
The affirmation, among other things, reflects the agency's opinion regarding the reform undertaken by the Government of the country, as well as about the prospects for its economic growth.
The agency noted the steps of the Chinese government towards strengthening economic and fiscal stability of the country and believes that the authorities carried out in this area a significant reform.
Standard & Poor's predicts that the annual growth rate of China's economy will be 6% or more at least until 2018, which corresponds to growth of real GDP per capita at 5.5%.