Moody’s: China’s GDP Growth Will Boost Companies’ Earnings

In its latest review report on China, Moody’s Investors Service noted that “China’s economic rebound will buoy demand for goods and services, lifting companies’ revenue over the next 12-18 months.”

“Rising demand for goods and services in China, driven by GDP growth, will boost the earnings of most rated companies this year and next.”

“For sectors such as auto and auto services, food and beverages, and technology hardware, EBITDA growth will outpace debt expansion, improving Chinese companies’ leverage.”