Deputy Governor of the People's Bank of China, Zou Lan: The effects of the implemented monetary policies will continue to be further demonstrated and we will continue to implement a moderately loose monetary policy effectively.

Deputy Governor of the People's Bank of China, Zou Lan, stated that from the perspective of economic theory and practical experience, the transmission of monetary policy takes time, and the effects of the implemented monetary policy will continue to become more apparent. In the next stage, the People's Bank of China will continue to implement a moderately loose monetary policy, closely monitor and evaluate the transmission and actual effects of previously implemented policies, and adjust the intensity and pace of policy implementation based on the domestic and international economic and financial situations and the operation of financial markets. This will better promote the expansion of domestic demand, stabilize social expectations, stimulate market vitality, and support the achievement of annual economic and social development goals and tasks.