Monetary policy should be moderately loose to boost domestic demand.

Since the beginning of this year, the tone of monetary policy has shifted to "moderate easing". In early May, a set of comprehensive policy measures including across-the-board cuts in reserve requirements and interest rates were introduced. From the perspective of policy effectiveness, social liquidity has accelerated expansion, and the cost of social financing has further decreased. With the help of more proactive macroeconomic policies, our country is not afraid of external "rough seas". In the first half of the year, the economy has withstood pressure, maintained stability and made new achievements in high-quality development.