Central Bank: The price level has shown positive changes.

People's Bank of China spokesperson and Deputy Governor Zou Lan stated at a press conference held on January 15 by the State Council Information Office that there have been positive changes in China's price levels recently, and the coordinated effects of China's macroeconomic policies are constantly strengthening. These will continue to promote better matching of supply and demand, facilitate the circulation of the real economy, further boost market confidence, and continue to have an impact on prices. The People's Bank of China has been closely monitoring price trends, and in recent years, the total financial volume has grown significantly faster than the nominal economic growth during the same period, with a long duration and a large cumulative growth. In the next stage, the People's Bank of China will earnestly implement the spirit of the Central Economic Work Conference, consider promoting stable economic growth and reasonable price recovery as important considerations for monetary policy, continue to implement moderately loose monetary policy, and create a suitable monetary and financial environment to promote reasonable price recovery.