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.

The official stated that in the second half of the year, the Chinese government will continue to implement more proactive and effective macroeconomic policies. Greater efforts will be made to execute a package of fiscal and financial measures designed to boost domestic demand, enhancing the foresight, targeting, and coordination of policies to amplify the effects of the combined policy toolkit.

The Ministry of Finance will coordinate efforts to expand domestic demand and deepen supply-side structural reform. It will accelerate the development of new quality productive forces, effectively safeguard and improve people's livelihoods, and strive to achieve the country's annual economic and social development goals. These actions are aimed at laying a solid foundation for a good start to the "15th Five-Year Plan" period.

Overall, China's economy boasts a stable foundation, numerous advantages, strong resilience, and great potential. The fundamentals supporting long-term positive growth remain unchanged. The government is confident and capable of consolidating the sound development trend, maintaining a robust and reliable national credit profile, and continuously earning recognition from the international market.

Here is the full text of the Q&A session. The official from the Ministry of Finance recently gave an interview regarding S&P Global Ratings' decision to maintain China's sovereign credit rating and stable outlook.

Reporter: On August 28, S&P Global Ratings released a report deciding to maintain China's sovereign credit rating at "A+" with a "stable" outlook. What is the Ministry of Finance's view on this?

Ministry Official: The Ministry of Finance welcomes S&P's decision to maintain China's sovereign credit rating at "A+" with a "stable" outlook. This outcome fully affirms the resilience of China's macroeconomy, the soundness of its fiscal operations, and the effectiveness of its risk prevention and control measures, reflecting international market confidence in China's high-quality development prospects.

In the first half of 2026, China's economy operated generally smoothly, with resilience continuously demonstrated. The industrial structure has been steadily optimized, the potential of domestic demand has been gradually unleashed, and key areas have been well-supported. New growth drivers are increasingly playing a leading role, as the Chinese economy achieved effective qualitative improvement and reasonable quantitative growth.

Recently, the IMF upgraded its forecast for China's economic growth in 2026 to 4.6%, which once again confirms the international community's positive assessment of China's economic development potential.

In the second half of the year, the Chinese government will continue to implement more proactive and effective macroeconomic policies, with greater efforts in executing a package of fiscal and financial measures to promote domestic demand, enhancing the foresight, targeting, and coordination of policies to continuously magnify the effects of the combined policy measures.

The focus will be on coordinating the expansion of domestic demand and deepening supply-side structural reform, accelerating the development of new quality productive forces, ensuring and improving people's livelihoods, and striving to achieve the annual economic and social development goals, thereby laying a solid foundation for a strong start to the "15th Five-Year Plan" period.

Overall, China's economy has a stable foundation, numerous strengths, strong resilience, and huge potential, and the fundamentals supporting long-term positive growth have not changed. The government has the confidence and capability to continue consolidating the sound development trend, maintaining a stable and reliable national credit, and continuously gaining recognition from the international market.