Economy shows resilience and vibrant dynamism

Moody's decision to affirm China's A1 ratings on Monday is a positive reflection of the improving prospects of the country's economy, the Ministry of Finance said.

Since the fourth quarter of last year, the Chinese government has implemented a series of macroeconomic policies, improved the economic indicators, boosted market expectations and confidence, and ameliorated the medium- and long-term sustainability of debt.

Thanks to effective and targeted policy support and macro adjustment, it is fair to say that China's economy has withstood pressure and maintained stable growth, continuing on a path of positive development amid internal challenges and increasing external shocks.