China's economy will continue to recover, with limited COVID-19 effect on its sovereign credit, The Paper reported, citing global credit rating agency Moody's. Compared with countries with the same rating level, China's government debt will maintain at a medium level, Moody's said at an online seminar held on Tuesday. Global economy is resuming vitality slowly, and the road to recovery is likely to be prolonged and winding, according to Moody's. The agency predicted developed economies in the G20 would see their GDP shrink by 6.4 percent this year, and rebound to 4.8 percent in 2021, while emerging economies in the ... (full story)