Central Politburo Meeting: Make Full Use of More Active Fiscal and Moderately Loose Monetary Policies, Adjust Reserve Rate and Interest Rate Timely

On April 25, the Central Politburo of the Communist Party of China held a meeting to analyze and study the current economic situation and economic work. The meeting, chaired by Xi Jinping, General Secretary of the Communist Party of China, emphasized the need to implement more proactive and effective macro policies, and make full use of more active fiscal and moderately loose monetary policies. It aimed to accelerate the issuance and use of local government special bonds and ultra-long-term special government bonds, and to ensure the basic financial arrangements at the grassroots level. The meeting proposed timely adjustments to the reserve requirement ratio and interest rates to maintain ample liquidity and strengthen support for the real economy. It also called for the creation of new structural monetary policy tools and the establishment of new policy-based financial instruments to support technological innovation, expand consumption, and stabilize foreign trade, while reinforcing the consistency of policy directions.