China's ten years · series of theme press releases 丨 Over the past decade, my country's adherence to stable monetary policy has strongly supported economic development

Xinhua News Agency, Beijing, June 23 (Reporter Wu Yu) Chen Yulu, deputy governor of the People's Bank of China, said on the 23rd that in the past ten years, my country has implemented a "master -based" monetary policy to give full play to the adjustment of the total monetary policy and structure. Dual function of adjustment. Under the premise of maintaining a stable macro leverage rate, it has strongly supported the development of the real economy, and also effectively guarantees that my country's national economy is operating in a reasonable range.

He introduced the above situation at the "China Ten Years" series of theme press conferences held by the Propaganda Department of the Central Committee of the Communist Party of China on the 23rd.

Chen Yulu introduced that in recent years, my country has adhered to the stable monetary policy and continuously innovated and enriched monetary policy tools. At the same time, it pays more attention to the leverage of interest rates. The goal is to work hard to achieve a virtuous circle of real economy and finance.

Changes in macro leverage are an important indicator for measuring the effect of macro -control. Chen Yulu introduced that in recent years, the People's Bank of China has continuously improved the financial macro -control system, innovating and improving the method of macro -control. China has supported the optimized combination of "higher growth, lower inflation, and more employment" with a mild and controllable macro leverage increase rate, and macro -control has achieved good results.

Data show that the macro leverage rate in China at the end of 2021 was 272.5%, and from 2016 to 2021, an average of about 4.8 percentage points. At the same time, the average annual growth rate of China's GDP in the past five years is about 6%, the average annual increase of CPI has increased by about 2%, and an average of more than 13 million new urban employment per year.

Chen Yulu said that my country insists on not engaged in "large water drilling", not excessive currency, and the macro policy orientation of the future. With relatively few new debt, it supports the rapid recovery of the economy. In other major economies.

He introduced that in the past ten years, my country has gradually constructed a structural monetary policy tool system that conforms to China's national conditions, focusing on supporting key areas and weak links in national economic development such as inclusive finance, green development, and scientific and technological innovation.

"Structural monetary policy tools have both the two functions of total regulation and structural adjustment." Chen Yulu said that through structural tools, the policy effect of accurate drip irrigation can also be achieved and contributed to the regulation of total amount. Controlling the number of structural monetary policy tools and the scale of launch at a consistent level can form a good cooperation with the total policy tools.

Chen Yulu said that in general, China's macro -control policies in recent years have been strong, well, and effective. The macro leverage rate has generally achieved "stable words", ensuring that the national economy is in a reasonable range, and also makes global economic growth. Active contribution has become an important source and stabilizer of the global economy.

[Editor in charge: Xue Tao]

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