Chinese policymakers to ensure economy remains stable and positive

Amid evolving domestic and global conditions, Chinese policymakers will explore and adjust policy tools to ensure the economy maintains a stable and positive trajectory, thereby contributing to global economic development, the Ministry of Finance said on Thursday.

The ministry's comments followed S&P Global Ratings' affirmation of its unsolicited 'A+' long-term and 'A-1' short-term foreign and local currency sovereign credit ratings on China, with a stable outlook for the long-term rating.

S&P Global Ratings' report reflects strong recognition of China's economic resilience and effective debt management, signaling the agency's confidence in the country's long-term economic prospects, an official with the ministry said.

In the second half of the year, China will continue to implement robust macroeconomic policies and make timely adjustments as needed to achieve its 2025 economic and social development goals, the official said.

From a long-term perspective, China's economy is underpinned by a solid foundation, multiple strategic advantages, strong resilience, and vast potential, with an ongoing accumulation of favorable factors supporting its high-quality development, the official added.