On October 9, the National Market Regulation Administration of China announced that the country’s enterprise credit index reached 157.05 points in August, showing a generally stable and improving trend in corporate credit levels.

Can you tell us more about the specific figures in August? The enterprise credit index saw an increase of 0.41 points compared to July. What factors contributed to this growth? Key indicators such as reliability, operational performance, financial metrics, compliance, and regulatory oversight remained steady. Interestingly, even in the face of challenges like extreme heat, heavy rainfall, and a seasonal slowdown in certain industries, businesses managed to sustain stable operations and experienced a slight boost in credit levels. The ongoing effectiveness of macroeconomic policies seems to be playing a role in promoting high-quality development. However, with an increasingly complex international environment and persistent deficiencies in domestic demand, have you observed a rise in risks related to affiliated companies and personnel? It certainly seems to call for enhanced preventive measures.

Which regions are leading in credit rankings? In August, the top five provinces were Beijing, Anhui, Fujian, Shaanxi, and Zhejiang, with overall performance improving compared to July. It’s notable that Jilin, Hainan, and Tianjin experienced significant gains in their credit indexes. Additionally, regions like Henan and Guangdong have made strides in holding intellectual property, including trademarks and patents. North China, East China, Central China, and Northwest regions maintained credit levels above the national average, with East China leading the pack at an average credit index of 159.12 in August. What does that indicate about regional credit development?

Turning to industry performance, it appears that the average credit index across all sectors improved compared to July, which suggests a narrowing gap between industries. Can you elaborate on that? The service sector, in particular, showed a positive trend, especially in accommodation, dining, scientific research, and technical services. Furthermore, the manufacturing sector has seen steady growth from February through August, while the water management, environmental, and public facilities sectors continue on an upward path. It’s impressive to note that the agricultural, forestry, animal husbandry, and fishery sectors have also recorded substantial gains over the previous month. What do these trends tell us about the overall economic landscape?