Ministry of Finance: China will continue to implement a more proactive fiscal policy and a moderately loose monetary policy

The relevant responsible comrades of the Ministry of Finance answered a reporter's question on Fitch's downgrade of our sovereign credit rating. Overall, the endogenous driving force, market vitality, policy effectiveness and development resilience of China's economic growth have all been improved in an all-round way. The positive momentum is continuing to consolidate, and new growth space is opening up. In the next step, China will continue to implement a more proactive fiscal policy and a moderately loose monetary policy, and pay more attention to playing a good policy "combination fist". Fiscal policy will strengthen coordination with monetary, employment, industrial, regional, trade and other policies and reform and opening up measures, enhance policy synergy, and empower China's economic growth. The Chinese government has also reserved sufficient policy space, and will study and dynamically adjust policy reserves in a timely manner according to changes in the situation to ensure the sustainable and healthy development of China's economy, while also bringing more opportunities to the world. (Ministry of Finance)