Pan Gongsheng: The Chinese government will implement a more proactive fiscal policy and a moderately loose monetary policy

On February 18, Pan Gongsheng, Governor of the People's Bank of China, was invited to attend the seminar on emerging market economies jointly hosted by the international monetary fund and Saudi Arabia, and delivered a keynote speech. Pan Gongsheng pointed out that in 2024, China's economy continued to recover and achieve the annual economic growth target of 5%. Especially since late September last year, the Chinese government has launched a package of incremental policies, which effectively boosted social confidence and the economy rebounded significantly. In the next step, the Chinese government will implement a more active fiscal policy and moderately loose monetary policy, strengthen the counter-cyclical adjustment of macroeconomic policies, continue to promote the transformation of China's economic growth model, and consolidate and strengthen the economic recovery momentum.