Central Bank: Continue to implement an appropriately loose monetary policy and strengthen countercyclical and cross-cyclical adjustment efforts.

Odaily Planet Daily reports that People’s Bank of China Governor Pan Gongsheng chaired a symposium with economic and financial experts. Pan Gongsheng stated that in the next phase, the People’s Bank of China will fully implement the spirit of the 20th Party Congress, the Central Economic Work Conference, and the deployment requirements of the Government Work Report. It will establish a scientific and prudent monetary policy system, continue to implement a moderately loose monetary policy, increase counter-cyclical and cross-cyclical adjustments, and create a suitable monetary and financial environment for sustained and high-quality economic growth. (PBOC)