Is Moody being partial to China by giving it a good rating by reaffirming its positive rating outlook for the Chinese economy on the back of favourable medium-term growth prospects.
Moody had yesterday downgraded India rating and same can be seen in light of Marc Faber predictions for crisis in world markets. However Marc Faber is very sceptical about Chinese growth
Moody has stated that outlook for China's Aa3 foreign and local currency bond ratings is positive and it is supported by favourable medium-term economic growth prospects, as well as by strong government debt dynamics
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