The Monetary Policy Committee of the People's Bank of China held its regular meeting for the first quarter of 2025: organically combine the implementation of the strategy of expanding domestic demand with deepening supply-side structural reforms, enhance the coordination and cooperation of macro policies, effectively implement existing policies, increase efforts to promote the implementation of incremental policies, grasp a good start, expand domestic demand, stabilize expectations, stimulate vitality, and promote the sustained recovery of the economy.
