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Moody's is optimistic on China's rebalancing

China's economy scores "very high" for economic strength and it should be able to maintain its high credit rating as the economy rebalances away from credit-dependent growth, said Moody's in a new report.

China has an official growth target of 7.5 per cent this year, down from the double-digit growth rates seen in 2010.

Moody's sees GDP growth falling into a range of 6.5 to 7.5 per cent this year and next, with the longer-term horizon dependent on the success of policies to tighten credit and implement structural reforms.

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