China's central bank said it will implement a moderately loose monetary policy this year, and introduce a combination of measures in support of economic development.
According to the People's Bank of China (PBOC), this year's monetary policy aims to bolster the real economy, prevent risks, and address constraints such as the interest rate gap between China and the United States and the interest rate gap between banks. The policy must be implemented at a reasonable speed and level.
"In light of changing situation, efforts will be made to keep the total amount, structure, interest rate, exchange rate and other aspects of monetary policy at a reasonable and balanced level, following the introduction of a policy combination," said Dong Ximiao, the chief researcher of Merchants Union Consumer Finance.
Industry insiders said that since the beginning of this year, the central bank has made many positive proposals for monetary policy in terms of total volume, interest rate, structure, exchange rate among others, which are conducive to further boosting market confidence.
In terms of total volume, there is still room to cut reserve requirement ratio, indicating that the central bank has the ability and willingness to increase macro regulation and support the real economy.
As for the structure, the central bank said it will study the creation of new structural policies, with a focus on supporting investment and financing for boosting scientific and technological innovation, promoting consumption and stabilizing foreign trade.
"Increasing financial support for major strategies, key areas and weak links will help promote smooth macroeconomic circulation, accelerate economic structural transformation and cultivate new growth drivers," said Wen Bin, the chief economist of China Minsheng Bank.
Regarding the exchange rate, the PBOC has reiterated that it will resolutely prevent the RMB exchange rate from overshooting, and has the experience, confidence and ability to maintain stable operation of the foreign exchange market.
The central bank said that it has sufficient reserve tools and policy space in the face of uncertainties in the macro environment, especially the external environment.
It said that many positive factors have underlined the improvement of the economic situation. With more proactive and effective macro policies continuing to take effect, it said, the financial system will provide more support for the recovery and improvement of the real economy and promote high-quality development.
China to implement moderately loose monetary policy, launch measures to support economy
People from all walks of life across China expressed renewed commitment to their work and the nation following President Xi Jinping's 2026 New Year message, describing it as both inspiring and reassuring.
In the fields of robotics, artificial intelligence (AI), and advanced technologies, Xi's remarks sparked a surge of confidence and ambition among innovators working at the frontlines of China's high-tech industries.
"In his New Year message, President Xi mentioned humanoid robots entering a 'Kung Fu mode'. As someone in the embodied robotics industry, I felt truly inspired. Here in Suzhou's Wuzhong District, we've already attracted over a thousand robotics and AI-related enterprises, forming a complete industrial chain from core components to end-use applications. We're proud of what we've built. In the new year, I'll keep up the momentum and help more robotics companies showcase their technical strength and accelerate development," said Lu Yi, deputy head of the preparatory team, Suzhou Intelligent Robotics Technology Development Co., Ltd in east China's Jiangsu Province.
"The year 2026 marks the start of the 15th Five-Year Plan (2026-2030). We will continue to take root in this hub of innovation in Jingxi Zhigu, overcoming challenges in core algorithm systems and working to convert technological achievements into real industrial value," said Hu Xinyu, a technician at Jingxi Zhigu Technology Co., Ltd in Beijing. "As a worker in offshore wind power technology, I feel a deep connection with the sea. In 2026, we'll focus on key offshore wind technologies to better harness green energy for national development and to benefit tens of thousands of households," said Chen Dawei, a resident of Fuzhou City in east China's Fujian Province.
Xi's emphasis on people-centered development struck a powerful chord with frontline and cultural workers in various regions, who see their daily efforts reflected in the nation's broader journey.
"General Secretary Xi's New Year message was full of encouragement for the people and deeply rooted in their concerns. As a grassroots worker on Mount Tai scenic area, I feel that this new journey of Chinese modernization is just like our daily work, which often requires us to scale cliffs and steep slopes. Only through persistence and determination can we reach and truly appreciate the breathtaking scenery at the summit," said Yang Tongfei, a staff member at Hongmen Management Office, Mount Tai Scenic Area Committee in east China's Shandong Province. "As a guide in the ancient town, I will always keep the general secretary's guidance in mind. I will continuously learn new knowledge, so that when tourists arrive in Lijiang ancient town, they can understand the charm of our world cultural heritage through my voice and feel how the big family of the Chinese nation is tightly united like seeds of a pomegranate," said He Zhiyun, a tour guide in Lijiang ancient town, southwest China's Yunnan Province.
Ordinary citizens also voiced heartfelt appreciation for the message's focus on daily life and well-being, drawing strength from the nation's care for the essentials of everyday living.
"When every small family runs warmly, the big Chinese family thrives. We can truly feel the Party and the government's deep concern for the everyday needs of the people, so warm, and so powerful. This makes me more firmly resolved to start again in the coming year, and more committed to staying rooted at the grassroots and serving the people," said Liu Shaojie, a resident of Lhasa in southwest China's Xizang Autonomous Region.
"I'm filled with confidence going into the new year. Up next, I plan to build a smart orchard with a better use of modern agricultural technology, and make life better and happier," said Huang Hong, a villager in Yanyang Town, south China's Guangdong Province.
"Our small, everyday lives are woven into the grand picture of national development. In 2025, I truly experienced happiness and fulfillment here in Xinjiang. In 2026, I look forward to witnessing even more delightful changes together with the country," said Ayidana, a resident of Urumqi, northwest China's Xinjiang Uygur Autonomous Region.
Xi's New Year message inspires national optimism
