Agency affirms China's growth momentum

Latest data points to robust economic resilience despite trade headwinds

China's economy is maintaining strong momentum as major industrial enterprises posted accelerating growth in April, official data showed on Tuesday, suggesting robust economic resilience despite trade concerns.

Officials and economists said the positive trends underscore the effectiveness of stimulus policy measures in cushioning the impact of the United States' tariff hikes and stabilizing market expectations.

Their comments came after Moody's Ratings affirmed on Monday China's long-term credit rating of A1, both in domestic and foreign currencies, while maintaining a negative outlook. The A1 rating, four notches below the top of Moody's 21-notch rating scale, indicates a low credit risk.