Recently, relevant officials from the Ministry of Finance accepted an interview on issues related to S&P's maintenance of our sovereign credit rating outlook "stable". The reporter asked: On June 27, S&P International Credit Rating Company released a report, maintaining China's sovereign credit rating at "A+", with an outlook "stable", which is different from Moody's and Fitch's judgment. What is the Ministry of Finance's opinion on this?
Answer: Under the situation of Moody's and Fitch's downgrading of our sovereign credit rating outlook in the earlier stage, S&P's decision to maintain stability is an affirmation of China's macroeconomic resilience and development prospects, and also reflects the independence and professionalism of the S&P rating team. Previously, the S&P rating team came to China for a reassessment, held in-depth and detailed communication with relevant government departments, think tanks, and market institutions, and also conducted research and discussion in relevant places, providing support for objective judgment of China's sovereign credit situation. As S&P said, although China's economy is facing some problems and challenges, it will still maintain stable growth in the future with the implementation of macro policies. We believe that China has many advantages such as a large market size, strong endogenous vitality, solid development foundation, accelerated development of new momentum and good guarantees for various factor resources, etc. Coupled with the continuous optimization of macro-control policies by the Chinese government, strengthening counter-cyclical and cross-cycle regulation, it will further enhance the endogenous development momentum, consolidate and enhance the trend of economic recovery. Recently, the World Bank and the International Monetary Fund have successively raised their expectations for China's economic growth rate, which provides good evidence for the above views.
We hope that international rating agencies will visit China more often, get a better understanding and comprehension of China, and look at China's economic development potential and sovereign credit level more comprehensively, dialectically and dynamically.
In 23, the company's overall sales volume was 18,000 kiloliters, a year-on-year increase of 28.10%, showing significant growth. In terms of product structure, the operating income of products worth 10-30 billion yuan is 401/1,288/60 million yuan respectively.