Moody's predicts that China's economy will this year grow in the upper half of the firm's...

|By:, SA News Editor

Moody's predicts that China's economy will this year grow in the upper half of the firm's previous 7.5-8.5% forecast, saying that the country was recovering well after avoiding a hard landing. However, Moody's says growth will depend on structural reform, while it also warns that the increase in non-bank lending could endanger the financial system. (PR)