Liao Min, China's Vice Minister of Finance, recently held separate video meetings with Marie Diron, Global Head of Sovereign and Sub-sovereign Risk at Moody's Ratings, and Roberto Sifon-Arévalo, Global Head of Sovereign Ratings at S&P Global Ratings.

Liao introduced the Chinese government's latest package of incremental policy measures, exchanged views on topics including government debt management, fiscal sustainability, fiscal policy support for high-quality development of the real economy, and reforms in the fiscal and taxation systems.

Both Moody's and S&P stated that the introduction from the Ministry of Finance of China was comprehensive and candid, which would significantly enhance their understanding of China's macroeconomic policies. They look forward to more exchanges between the two sides.