Moody's maintains 'stable' rating for bonds

Moody's Investors Service kept its "stable" rating for China's foreign and local-currency bonds on Monday, citing the country's good economic fundamentals, but warned that systemic risks remain because of a credit surge and the opaque local governments' debt.

China's economic fundamentals are underpinned by robust economic growth, strong central government finances, and an exceptionally strong external-payments position, the credit ratings agency said in a report.

The agency forecast an 8 percent GDP growth for 2013 and said the country will maintain a 7 to 8 percent growth through 2017.