The Ministry of Finance responds to Moody's maintaining China's sovereign credit rating and upgrading the outlook to stable

On April 27, the international credit rating agency Moody’s released a report, deciding to maintain China’s sovereign credit rating at “A1” and upgrade the outlook to “Stable.” In response, a relevant official with the Ministry of Finance granted an interview to the media.

“We appreciate Moody’s decision to maintain China’s sovereign credit rating and upgrade the outlook to ‘Stable.’ This rating reflects Moody’s strong recognition of the resilience demonstrated by China’s macroeconomic and fiscal strength in the face of external shocks, as well as the new momentum and new progress in high-quality economic development in China,” the official said.

The official said that 2026 is the opening year of China’s “Fifteenth Five-Year Plan,” marking the start of the “15th Five-Year Plan” period. In the first quarter of this year, China’s economy achieved rapid growth of as much as 5%, exceeding market expectations. Against the backdrop of rapidly changing global economic and trade conditions and a continued rise in geopolitical risks, the Chinese government has implemented a package of macroeconomic regulation policies, strengthened coordination and cooperation among policies, and enabled China’s economy to withstand pressure—turning toward innovation and toward higher quality and better performance—fully demonstrating the advantages of a large-scale market, a complete supply chain system, and relatively strong export competitiveness. This is also the cornerstone supporting China’s sovereign credit.

“Going forward, we will further and fully deepen reform, continue to promote the transformation of the economic structure, continuously enhance fiscal sustainability, accelerate the cultivation and growth of new productive forces, and lay a solid foundation for the steady operation of the economy. We will effectively respond to external uncertainties with the certainty of sustained and sound economic and social development, and contribute greater strength to the recovery and prosperity of the world economy,” the official said. (Xinhua News Agency)