* * * It is a great pleasure to attend Chang’an Forum held by the Chinese Economists 50 Forum in Tsinghua University.
The title of my speech today is “China’s Monetary Policy Framework: Supporting the Real Economy and Striking a Balance between Internal and External Equilibrium.” The major task of monetary policy is to support the real economy, and meanwhile China is an open economy, so we must give consideration to both internal and external equilibrium in formulating monetary policy.