<p>Credit rating agency S&P Global Ratings on Monday affirmed China's sovereign credit ratings at 'A+/A-1' with a stable outlook, amid the ongoing coronavirus outbreak.</p>.<p>S&P said China is likely to maintain above-average economic growth relative to other middle-income economies in the next few years.</p>.<p>However, it said that the growth is likely to come under pressure from the coronavirus outbreak, efforts to restructure the Chinese economy and US-China tensions.</p>.<p>The agency noted that it does not expect US-China relations to normalize in the foreseeable future.</p>.<p>"We expect per capita real GDP growth to average 5.5% annually in 2021-2023, as the economy recovers from the Covid-19 shock", S&P said on Monday.</p>
<p>Credit rating agency S&P Global Ratings on Monday affirmed China's sovereign credit ratings at 'A+/A-1' with a stable outlook, amid the ongoing coronavirus outbreak.</p>.<p>S&P said China is likely to maintain above-average economic growth relative to other middle-income economies in the next few years.</p>.<p>However, it said that the growth is likely to come under pressure from the coronavirus outbreak, efforts to restructure the Chinese economy and US-China tensions.</p>.<p>The agency noted that it does not expect US-China relations to normalize in the foreseeable future.</p>.<p>"We expect per capita real GDP growth to average 5.5% annually in 2021-2023, as the economy recovers from the Covid-19 shock", S&P said on Monday.</p>