BEIJING, Feb. 13 (Xinhua) — The Chinese economy is projected to sustain stable growth in 2025, as indicated by the Q4 2024 monetary policy report released by the People’s Bank of China on Thursday. Stimulus measures introduced in late 2024 have begun to revitalize production, demand, and market sentiment, further supporting the recovery momentum outlined in the report.
Domestic demand is showing significant potential for improvement, with initiatives aimed at boosting consumption and investment yielding impressive results. For instance, retail sales in the home appliance sector surged by 11.8 percent year-on-year in 2024.
To support this growth, China plans to implement a more proactive fiscal policy alongside a moderately loose monetary policy, with a focus on maintaining reasonable price stability, according to the central bank.
Monetary authorities are also set to enhance market-driven exchange rate reforms, bolster the resilience of the foreign exchange market, and improve monitoring of cross-border capital flows to ensure the yuan remains stable at an equilibrium level.
Furthermore, China aims to expedite institutional reforms and promote high-standard financial market opening, with initiatives designed to increase the yuan’s global usage in cross-border trade and investment, as well as deepen international currency cooperation, the central bank noted.
