Moody's Keeps China's A1 Sovereign Rating, Upgrades Outlook to Stable; Finance Ministry Responds

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Recently, a relevant official from the Ministry of Finance accepted an interview with reporters regarding Moody's International Credit Rating Agency's decision to maintain China's sovereign credit rating at "A1" and upgrade the outlook to "stable."

Reporter's question: On April 27, Moody's International Credit Rating Agency issued a report deciding to maintain China's sovereign credit rating at "A1" and upgrade the outlook to "stable." What is the Ministry of Finance's view on this?

Answer: We appreciate Moody's decision to maintain China's sovereign credit rating and upgrade the outlook to "stable." This rating reflects Moody's high recognition of the strong resilience demonstrated by China's macroeconomic and fiscal strength in the face of external shocks, as well as the new momentum and progress in China's high-quality economic development.

Over the past five years, the cumulative increase in China's GDP has exceeded RMB 35 trillion, equivalent to rebuilding the economic output of the Yangtze River Delta region. Despite facing multiple risks and challenges, China's economy maintained an average annual growth rate of 5.4% during the 14th Five-Year Plan period, contributing approximately 30% to global economic growth. 2026 marks the beginning of China's 15th Five-Year Plan. In the first quarter of this year, China's economy achieved rapid growth of 5%, exceeding market expectations. Against the backdrop of rapidly changing global trade and investment environments and continuously rising geopolitical risks, the Chinese government has implemented a package of macroeconomic regulatory policies, strengthened policy coordination, and enabled the economy to withstand pressure and move toward higher quality and innovation. This fully demonstrates the advantages of China's ultra-large-scale market, complete supply chain system, and strong export competitiveness, which also form the cornerstone supporting China's sovereign credit.

Looking ahead, we will further deepen comprehensive reforms, continue to promote economic structural transformation, steadily enhance fiscal sustainability, accelerate the cultivation and expansion of new-quality productive forces, and consolidate the foundation for stable economic operations. We will effectively respond to external uncertainties with the certainty of sustained and healthy economic and social development, contributing greater strength to global economic recovery and prosperity. We will also continue to communicate with Moody's Rating Agency and consistently provide updates on the steady operation of China's macroeconomy.

(Source: Ministry of Finance website)