Chen Changsheng: The central government's debt ratio is relatively low, and there are conditions for reducing reserve requirements and interest rates.

Chen Changsheng, a member of the drafting team of the Government Work Report and deputy director of the Research Office of the State Council, said at a press conference of the State Council Information Office that the main consideration for continuing a more proactive and effective policy orientation is as follows: First, there is a need for it. This year, there is great uncertainty in the external environment, and the domestic pattern of strong supply and weak demand is still continuing. There is a certain gap in total demand, so it is necessary to increase the intensity of policy adjustments and use the certainty of macro policies to deal with the uncertainty of the situation. Second, there is space for policy. From an international comparison perspective, the current government debt ratio in China, especially the central government debt ratio, is still relatively low. There are still conditions for monetary easing and interest rate cuts.