S&P maintains China's sovereign credit rating at "A+" with a "stable" outlook, Ministry of Finance responds.

Recently, officials from the Ministry of Finance answered reporters' questions regarding S&P Global Ratings' decision to maintain China's sovereign credit rating at "A+" with a "stable" outlook. The officials indicated that in the second half of the year, the Chinese government will continue to implement more proactive and effective macro policies, with greater efforts to promote a coordinated fiscal and financial package to boost domestic demand, enhancing the forward-looking, targeted, and coordinated nature of policies, and continuously amplifying the "combined efforts" effect. The Ministry of Finance will coordinate the expansion of domestic demand and deepen the supply-side structural reforms, accelerate the development of new productive forces, effectively safeguard and improve the people's livelihood, and strive to achieve the annual economic and social development goals, laying a solid foundation for a good start to the "14th Five-Year Plan." Overall, China's economic fundamentals remain stable, with numerous advantages, strong resilience, and great potential, and the long-term positive fundamentals have not changed. We are confident and capable of continuously consolidating a favorable development trend, maintaining a stable and reliable national credit, and consistently gaining recognition in the international market.