Moody's: China view unaffected

Possible changes in China's exchange rate and foreign-currency exchange regime are not likely to affect the sovereign's credit fundamentals or significantly pressure the stable outlook on the government's A2 rating, said Moody's Investors Service in a new report.

"While pressure from the United States and the European Union to change China's choice of exchange rate policy may prompt a response from Beijing, any policy shift is likely to be gradual enough so as not to be destabilizing," said Moody's vice president Thomas Byrne, author of the report.

"This has been the Chinese approach to reform since the dawn of the Open Door Policy in 1978."

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