On August 7th, S&P International Credit Ratings released A report, deciding to maintain China's sovereign credit rating at "A+" and the outlook at "stable". A responsible person from the Ministry of Finance stated that the S&P report highly recognizes the resilience of China's economic growth and the effectiveness of its debt control, demonstrating confidence in the positive prospects of China's economy.
The person in charge stated that in the first half of 2025, the Chinese government actively responded to the rapidly changing external environment, played a series of policy "combination punches", ensured stable and progressive economic operation, and the performance of major economic indicators was better than expected. New quality productive forces developed positively, and the bottom-line guarantee for people's livelihood was further strengthened. The Chinese economy demonstrated strong vitality and resilience. In the first half of the year, China's economic growth rate reached 5.3%, 0.3 percentage points higher than that of the whole of last year. Recently, the International Monetary Fund raised its forecast for China's economic growth rate in 2025 to 4.8%, an increase of 0.8 percentage points from its April forecast.
In the second half of the year, China's macro policies will continue to exert force and be intensified in a timely manner. At the same time, they will maintain policy continuity and stability, enhance flexibility and foresight, and focus on stabilizing employment, enterprises, markets and expectations. This will effectively promote the dual circulation of the domestic and international markets, strive to complete the annual economic and social development goals and tasks, and achieve a successful conclusion to the 14th Five-Year Plan.
In the long run, the person in charge said that China's economy has a stable foundation, many advantages, strong resilience and great potential, and the positive factors supporting high-quality development are constantly accumulating. The advantages of the socialist system with Chinese characteristics, the super-large-scale market, the complete industrial system and the rich human resources all provide a solid guarantee for the sustained and healthy development of the economy. In the future, China will continue to enhance the endogenous driving force for economic development. It will constantly study and dynamically adjust its policy reserves in a timely manner in response to changes in domestic and international situations to ensure that the economy remains stable and improving, and contribute Chinese strength to the world economic development.