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

ChainCatcher News: Pan Gongsheng, the Governor of the People's Bank of China, was invited to attend the seminar on emerging market economies co-hosted by the International Monetary Fund and Saudi Arabia, where he delivered a keynote speech.

Pan Gongsheng pointed out that in 2024, China's economy will continue to recover and improve, achieving an annual economic growth target of 5%. Especially since late September last year, the Chinese government has introduced a package of incremental policies that effectively boosted social confidence and led to a significant economic rebound.

Going forward, the Chinese government will implement a more proactive fiscal policy and moderately loose monetary policy, strengthen the counter-cyclical adjustment of macroeconomic policies, continuously promote the transformation of China's economic growth model, and consolidate and enhance the momentum of economic recovery and improvement.