Moody’s rating agency expects expansionary monetary and fiscal policy in China to continue and growth to be stronger this year. China’s economy has entered the year on a “relatively stronger footing” than last year, as recent data point to a rebound in activity and suggest that real gross domestic product growth “will likely measure comfortably in the 7.5%-8.5% range” in 2013, Moody’s said . “The recovery is supported by policy easing and credit extension, particularly by the non-banking sectors,” Moody’s said.