In the complex and changing international environment and facing the arduous domestic task of reform, development and stability, under the leadership of the CPC Central Committee and the State Council, the PBC continued the approach of seeking progress while maintaining stability, reform and innovation and achieved remarkable results in the various fields of central bank functions.
We continued to implement a sound monetary policy, maintained policy continuity and stability, made innovations in the approach of macro-economic management, and conducted pre-emptive adjustment and fine-tuning. As a result, the growth of money, credit and all-system financing aggregate remained reasonable and the credit structure continued to improve, contributing to the stable and sound development of the economy.