People's Bank of China (PBoC) Governor Pan Gongsheng (pictured) emphasized the importance of a prudent monetary policy and providing a supportive financial environment to stabilize prices in order to support stable economic growth.
While speaking to state-backed Securities Times, Pan highlighted the significance of shifting the economic growth model rather than solely pursuing a high growth rate. He expressed optimism about China's economic performance, expecting the 5% growth target to be successfully achieved. Recent improvements in economic growth momentum, along with steady recovery in production and consumption, stable employment and consumer prices, were noted as positive developments.
