Finance: rating agency concerns about China′s economy there is no need
Treasury response to poor′s downgraded credit rating Outlook of China:
Following the Moody′s downgrade, according to Xinhua after China′s sovereign credit rating Outlook, on March 31, the poor′s ratings services issued a report in maintaining China′s sovereign credit rating unchanged, while also rating Outlook from "stable" to adjust to "negative". Weidong, China′s Vice Finance Minister, 1st on questions relating to China′s sovereign credit rating told reporters in an interview.
Underestimating China′s response to the ability to overestimate China′s economic difficulties
Q: how to treat the two rating companies downgraded China′s sovereign credit rating Outlook?
A: China, the world′s second largest economy and largest trading country, ever since the outbreak of the international financial crisis, has been the most important engine of growth and stabilizing force. Even in the context of overall recovery anaemic global economy, China′s economy still achieved a high growth rate. In 2015, China′s GDP grew 6.9%, according to the figures, contributions to global economic growth rates of over 25%.
And to see that China′s economic development potential, strong tenacity, scope is very broad. The deepening of China′s economic structural reform, as well as the progressive implementation of the relevant policies and measures, will continue to maintain high growth, sovereign credit rating which will provide a solid guarantee of long-term stability.
The Moody′s investors service, p will be China′s sovereign credit rating Outlook to "negative", to a certain extent overestimating China′s difficulties and underestimated China′s ability to reform, so as to. Rating companies on China′s economic structural adjustment and the real economy debt, reform of State-owned enterprises, financial market risk and other concerns, is not necessary. On China′s achievements in economic and social development and the progress made in structural reform, rating companies also need to be aware of and fully assessed.
On the real economy and the financial markets running
Will not have a significant impact
Q: rating company downgraded China′s sovereign credit rating Outlook, run what would be the impact on China′s economy and financial markets?
Answer: the market confidence and expectations of modern economic and financial stability has an important role. Sovereign credit rating is one of the factors that affect market confidence and expectations, however, a country′s economic fundamentals is what determines economic and financial factors underlying trend of running. Rating company will be China′s sovereign credit rating Outlook to "negative", but expressed concern about the risks and tips on China′s real economy and financial markets won′t have a significant impact.
At present, the Chinese economy overall smooth, long-term economic fundamentals have not changed for the better. Overall control of potential risks in the economy, such as local government and corporate debt in the real economy still at a reasonable level, basis of devaluation of the RMB exchange rate is not persistent, smooth operation of financial markets.
Boost steady growth
The proactive fiscal policy this year will increase its efforts
Q: steady economic growth, a proactive fiscal policy this year to increase its efforts?
Answer: at present, the growth rate of China′s economy is undergoing a shift, structural adjustment pains, the old and the new kinetic energy of the new normal, requires constant innovation macro, continue to promote the reform and opening up. Steady implementation of the proactive fiscal policy, to promote the supply side of structural reform in China is of great significance.
Proactive fiscal policy this year to increase its efforts, first is the tax reduction policy, full implementation of camp changed, and resolutely curb arbitrary charges, and reduce the burden on enterprises.
Second, improve the financial deficit, mainly used to compensate for the tax cut reduced financial reduction protects the Government should bear the responsibility.
Third, the optimization of the financial expenditure structure.
Finally, improve the efficiency of fiscal management, continue to promote the cooperation of the Government and social capital model to promote PPP legislation, strengthening local government debt management, clarifying Government and market boundaries to prevent fiscal and financial risks.
Attach great importance to preventing systemic financial risk
Q: how to treat international credit rating companies highly concerned about financial risks?
A: for how to play the role of financial support for the real economy and guard against systemic financial risk, finance sector remain high priority. In recent years, China′s Finance Ministry initiatives or cooperate with the departments concerned to implement a number of measures together to keep risk is a systemic culture of the bottom line, to support the real economy developments. Construction of financial risk prevention mechanisms, and supported the establishment of the Securities Investor Protection Fund, futures investors protection fund, the insurance fund, supported the establishment of a deposit insurance system, to create a market-oriented financial risk protection net, for investors, provide a strong protection.
(Editors: Zhong Qinghui UN660)
2016-04-02 01:53:24
Golden Goat Web-Express
财政部：评级公司对中国经济的担忧没必要
财政部回应标普下调中国信用评级展望:
据新华社电 继穆迪下调中国主权信用评级展望之后,3月31日,标准普尔评级服务公司发布报告,在维持中国主权信用评级不变的同时,也将评级展望由“稳定”调整为“负面”。中国财政部副部长史耀斌1日就中国主权信用评级的有关问题接受了记者采访。
高估中国经济困难 低估中国应对能力
问:如何看待两家评级公司下调中国主权信用评级展望?
答:中国作为全球第二大经济体、第一大贸易国,自国际金融危机爆发以来,一直是全球最重要的增长引擎和稳定力量。即使在全球经济整体复苏疲弱乏力的背景下,中国经济依然实现了较高的增速。2015年,中国GDP增速为6.9%,据有关数据显示,对全球经济增长的贡献率超过25%。
同时要看到,当前中国经济发展潜力巨大、韧性很强、回旋余地非常广阔。中国经济随着结构性改革的不断深化,以及相关政策措施的逐步落实,将继续保持中高速增长,这将为主权信用评级的长期稳定提供坚实的保证。
此次穆迪、标普将中国主权信用评级展望调整为“负面”,在一定程度上高估了中国经济面临的困难,低估了中国推进改革、应对风险的能力。评级公司对中国经济结构调整、实体经济债务、国有企业改革、金融市场风险等方面的担忧,是没有必要的。对中国经济社会发展取得的成就和结构性改革取得的进展,评级公司还需要深入了解和全面评估。
对实体经济和金融市场运行
不会产生明显影响
问:评级公司下调中国主权信用评级展望,对中国经济和金融市场运行会产生什么影响?
答:市场信心和预期对现代经济金融稳定运行具有重要作用。主权信用评级是影响市场信心和预期的因素之一,但是,一国的经济基本面才是决定经济和金融市场运行走势的根本因素。评级公司将中国主权信用评级展望调整为“负面”,只是对一些风险表示关注和提示,对中国实体经济和金融市场运行不会产生明显影响。
目前,中国经济运行总体平稳,经济长期向好的基本面并没有改变。经济运行中的潜在风险总体可控,比如,地方政府和实体经济企业债务仍处于合理水平,人民币汇率也不存在持续贬值的基础,金融市场运行平稳。
助力稳增长
今年积极财政政策将加大力度
问:经济稳增长,今年积极的财政政策如何加大力度?
答:当前,中国正处于经济增速换挡、结构调整阵痛、新旧动能转换的新常态,需要不断创新宏观调控方式,继续推进改革开放。稳步实施积极财政政策,对中国推进供给侧结构性改革具有十分重要的意义。
今年积极的财政政策要加大力度,首先是实行减税降费政策,全面实施营改增,坚决遏制乱收费,减轻企业负担。
第二,阶段性提高财政赤字率,主要用于弥补减税降费带来的财政减收,保障政府应该承担的支出责任。
第三,优化财政支出结构。
第四,提高财政管理效率,继续推广政府和社会资本合作模式,推动PPP立法;加强地方政府债务管理,厘清政府与市场边界,防范财政金融风险。
高度重视防范系统性金融风险
问:如何看待国际评级公司高度关注的金融风险问题?
答:对于如何发挥金融支持实体经济的作用,防范系统性金融风险,各国财政部门始终保持高度重视。近年来,中国财政部主动采取或配合有关部门实施了多项措施,共同守住不发生系统性区域性风险的底线,支持实体经济发展。在建设金融风险防范机制方面,支持设立证券投资者保护基金、期货投资者保障基金、保险保障基金,支持建立存款保险制度,打造了一张市场化的金融风险防护网,为投资者权益提供了有力保障。
(责任编辑：钟庆辉 UN660)
2016-04-02 01:53:24
金羊网-新快报