Recently, an official from the Ministry of Finance addressed questions from reporters regarding S&P Global Ratings' decision to maintain China's sovereign credit rating at 'A+' with a 'stable' outlook.

When asked about S&P's August 28 report affirming the 'A+' rating and 'stable' outlook, the official expressed welcome for the decision, noting it fully recognizes the resilience of China's macroeconomy, the soundness of its fiscal operations, and the effectiveness of its risk controls, reflecting international market confidence in China's high-quality development prospects.

During the first half of 2026, China's economy has maintained overall stability, with sustained resilience, continuous industrial structure optimization, steady release of domestic demand potential, robust support for key areas, and a growing role for new growth drivers. The economy has achieved effective qualitative improvement and reasonable quantitative growth.

Recently, the IMF upgraded its 2026 growth forecast for China to 4.6%, further confirming the international community's positive assessment of China's economic development potential.

In the second half of the year, the Chinese government will continue implementing more proactive and effective macro policies, intensify efforts to implement a package of fiscal and financial policies coordinating to boost domestic demand, enhance policy foresight, targeting, and coordination, and continuously amplify the effect of the combined policy toolkit.

China will coordinate the expansion of domestic demand with deepening supply-side structural reform, accelerate the development of new quality productive forces, effectively safeguard and improve people's livelihoods, strive to achieve the annual economic and social development goals, and lay a solid foundation for a good start to the 15th Five-Year Plan period.

Overall, China's economy has a solid foundation, many advantages, strong resilience, and vast potential, and the fundamentals supporting long-term growth remain unchanged. We are confident and capable of continuously consolidating the sound development momentum, maintaining stable and reliable national credit, and sustaining international market recognition.