Central bank official in charge of media: One of the current policy focuses is expanding domestic demand and addressing internal circulation.

The Financial Times, supervised by the People's Bank of China, stated that many industry insiders suggest that the current policy focus is on expanding domestic demand and addressing internal circulation. From the perspective of expanding domestic demand, the monetary policy support has been continuously increasing. In May, the People's Bank of China introduced a package of incremental financial policies to support service consumption, and also specifically created tools for service consumption and pension refinancing. At the same time, the effects of consumption promotion policies such as trade-in programs are still evident, and the nationwide childbirth subsidy policy is expected to be implemented soon. All of these initiatives reflect the determination of the central government to promote consumption and expand domestic demand. In the future, with the improvement of social security levels such as pensions, healthcare, and education, residents' consumption capacity and willingness are expected to further recover. With the continued efforts of various macroeconomic policies to expand domestic demand, the gradual manifestation of the combined rectification of "internal circulation" competitive policies, and the more rational and orderly competition behavior of business entities, a positive cycle of supply and demand is expected to accelerate. This will also have a positive impact on promoting price increases.