An official from the Ministry of Finance (MOF) answered a journalist’s question regarding Moody’s Investors Service's decision to maintain China’s sovereign credit rating and outlook.
Journalist: On May 26, Moody’s Investors Service released a report maintaining China’s sovereign credit rating at “A1” with a negative outlook. What is the MOF’s view on this matter?
MOF: We believe that, since the fourth quarter of last year, the Chinese government has implemented a package of macroeconomic regulatory policies, resulting in improving economic indicators, stabilized market expectations and confidence, and enhanced medium- to long-term debt sustainability. Moody’s decision to maintain China’s sovereign credit rating is a positive reflection of the favorable outlook for the Chinese economy.
At present, the global economy faces multiple risks and challenges, including insufficient growth momentum, escalating geopolitical tensions, and increasing disruptions to the international economic and trade order. Against this backdrop, China’s economy has made a strong start to the year. High-quality development continues to gain momentum, production and consumption needs have steadily increased, and the stability and coordination of economic performance have been further enhanced, demonstrating resilience and vitality.
Looking ahead, a combination of incremental and existing policy measures will continue to be implemented in a coordinated manner to deliver sustained results, providing solid support for China’s high-quality economic development. No matter how the external environment may change, China will remain unwavering in its confidence, resolute in its strategic focus, and fully committed to advancing its own development agenda.
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