Moody's expects China to rely on public spending to support growth

Moody's commented on recent developments in China, noting that China's efforts to deleverage its economy are slowing and that there are some risks that still exist in the face of economic growth.

Measures by the Government were significantly restricting domestic activity. But under the current circumstances, the agency expects China to rely on public spending to support growth, but the long-term goals of debt relief still exist.