Moody's Investors Service says in a new.......>

CHINA: Moody's Investors Service says in a new report that economic recovery and

employment stability are the Chinese government's top priorities this year, with

announced key measures to have varied effects across different sectors. Last

Thursday China concluded the plenary session of the National People's Congress

and the annual session of the National Committee of the Chinese People's

Political Consultative Conference - the Two Sessions - during which Premier Li

Keqiang released China's work report for 2020. The work report sets out a

moderate degree of fiscal support for the economy and accommodative monetary

policies, without specifying a growth target for the first time since 2002. "The

absence of a GDP growth target together with the announced fiscal support

measures indicate that the recovery from the impact of the coronavirus pandemic

will be slow," says Michael Taylor, a Moody's Managing Director and APAC Chief

Credit Officer.

- Link: https://tinyurl.com/ya9ge89u