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China Daily / 2024-12 / 04 / Page013

Over horizon policy to help boost demand

By SHI JING in Shanghai | China Daily | Updated: 2024-12-04 00:00
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PBOC to ensure ample liquidity while reducing overall financing costs

While supportive monetary policies can be expected in 2025, experts anticipate more incremental policies to stabilize China's economic growth and boost domestic demand.

They made such comments after Pan Gongsheng, governor of the People's Bank of China — the central bank — said on Monday that the PBOC will continue to adhere to a supportive monetary policy stance in the upcoming year and use a mix of policy tools to strengthen countercyclical adjustments.

The PBOC will work to ensure reasonable and ample liquidity while reducing overall financing costs for businesses and households, said Pan when addressing a financial forum in Beijing.

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