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FILE PHOTO: A view of the city skyline and Huangpu river in Shanghai, China February 24, 2022. Picture taken February 24, 2022. REUTERS/Aly Song/File Photo Image for illustrative purpose.
The fundamentals of China's economy have not changed and China is capable of deepening reform and addressing the challenges it faces, Wang Wenbin, a foreign ministry spokesperson, told a regular press briefing on Wednesday.
Wang said China is confident and capable of achieving long-term and stable development, in response to a question on Moody's decision to downgrade China's credit outlook on Tuesday.
(Reporting by Liz Lee and Joe Cash; Editing by Jacqueline Wong)