The central bank released China's monetary policy implementation report for the second quarter of 2026. Currently, the external environment is more complex and changing. The momentum of world economic growth is weak, geographical conflicts and economic and trade frictions are frequent, supply shocks and the impact of imported inflationary pressure continue, the level of global inflation has risen, and the monetary policy trends of the central banks of major economies have adjusted. China's high-quality economic development has achieved new results. The momentum continues to increase, internal support for long-term economic improvement is more solid, and the advantages of institutions and major powers continue to be demonstrated. We must have firm confidence, maintain strategic strength for high-quality development, and effectively consolidate and expand the steady, moderate and positive trend of economic expansion. In the next stage, the People's Bank of China will adhere to Xi Jinping's ideology of socialism with Chinese characteristics in the new era, fully implement the spirit of the Fourth Plenary Session of the 20th CPC Central Committee, the Central Economic Work Conference, and the national “two sessions”, firmly grasp the top tasks of high-quality development, solidly promote Chinese-style modernization, adhere to the general tone of steady progress, fully implement the new development concept, give full play to the effectiveness of various existing policies, plan and introduce pragmatic and practical incremental policies in a timely manner, increase countercyclical adjustment efforts, increase efforts to expand domestic demand, optimize supply, and continue to move the economy towards new advantages development. Unswervingly follow the path of financial development with Chinese characteristics, further deepen financial reform and high-level opening-up to the outside world, speed up the construction of a strong financial country, improve the central banking system, establish a scientific and steady monetary policy system and a comprehensive macroprudential management system, and smooth the transmission mechanism of monetary policy.

The central bank released China's monetary policy implementation report for the second quarter of 2026. Currently, the external environment is more complex and changing. The momentum of world economic growth is weak, geographical conflicts and economic and trade frictions are frequent, supply shocks and the impact of imported inflationary pressure continue, the level of global inflation has risen, and the monetary policy trends of the central banks of major economies have adjusted. China's high-quality economic development has achieved new results. The momentum continues to increase, internal support for long-term economic improvement is more solid, and the advantages of institutions and major powers continue to be demonstrated. We must have firm confidence, maintain strategic strength for high-quality development, and effectively consolidate and expand the steady, moderate and positive trend of economic expansion. In the next stage, the People's Bank of China will adhere to Xi Jinping's ideology of socialism with Chinese characteristics in the new era, fully implement the spirit of the Fourth Plenary Session of the 20th CPC Central Committee, the Central Economic Work Conference, and the national “two sessions”, firmly grasp the top tasks of high-quality development, solidly promote Chinese-style modernization, adhere to the general tone of steady progress, fully implement the new development concept, give full play to the effectiveness of various existing policies, plan and introduce pragmatic and practical incremental policies in a timely manner, increase countercyclical adjustment efforts, increase efforts to expand domestic demand, optimize supply, and continue to move the economy towards new advantages development. Unswervingly follow the path of financial development with Chinese characteristics, further deepen financial reform and high-level opening-up to the outside world, speed up the construction of a strong financial country, improve the central banking system, establish a scientific and steady monetary policy system and a comprehensive macroprudential management system, and smooth the transmission mechanism of monetary policy.