How did Moody and #39;s raise China and #39;s outlook despite the energy shock linked to the war in Iran?

Moody and #39;s Ratings recently affirmed China and #39;s sovereign rating at A1 and raised its outlook to 'stable and #8221; from 'negative, and #8221; citing the economy and #39;s resilience to trade and geopolitical pressures, while official Chinese data indicated GDP growth of 5% in the first quarter and a 15.8% increase in industrial profits in March, according to the agency and #39;s notes and data published by China and #39;s National Bureau of Statistics.

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