But we also know that the value of a strong and resilient financial system is not the ultimate goal. Rather, the ultimate goal is a thriving economy. This is where a whole-of-market collaboration – from finance to fiscal to national development, entrepreneurship, industries, infrastructure, among others – is a value proposition for the general public.
The PBC system will earnestly implement the decisions adopted at the 18th CPC National Congress, the Third and Fourth Plenums of the 18th CPC Central Committee, and the Central Economic Work Conference, follow the guidance of Deng Xiaoping Theory, the important thought of Three Represents and the Scientific Outlook on Development, continue the approach of seeking progress while maintaining stability, develop an accurate understanding and adapt to the new normal situation, strike a balance among preserving stable growth, promoting reform, adjusting structures, improving people’s livelihood and preventing risks, continue the sound monetary policy, maintain stability and consistency in the policy, focus more on the appropriate stance of the monetary policy and conduct preemptive adjustments and fine-tuning when necessary.