Pan Gongsheng: China's monetary policy firmly insists on taking its own interests as the primary consideration, while also considering both internal and external balance.

The Governor of the People's Bank of China, Pan Gongsheng, stated today at a press conference at the State Council Information Office that China's monetary policy adheres to the principle of putting our own interests first while also considering domestic and international balance. Currently, China's monetary policy stance is accommodative, implementing moderately loose monetary policy to create a favorable monetary and financial environment for the continued recovery and improvement of the country's economy and stable operation of the financial market. Looking ahead, we will adjust our policies based on the macroeconomic situation and changing circumstances, comprehensively utilizing various monetary policy tools to maintain ample liquidity, promote a decrease in overall social financing costs, consolidate and strengthen the positive trend of economic recovery, support boosting consumption, expand effective investments, maintain the stable operation of the financial market, and keep the Renminbi exchange rate basically stable at a reasonable and balanced level.