PBOC: China Firmly Implements Strategic Directions of the 15th Five-Year Plan and Advances Economic Growth Transformation

36Kr reports that the PBOC's policy stance on the RMB exchange rate underscores China's commitment to implementing the strategic directions and key measures outlined in the 15th Five-Year Plan while advancing economic growth transformation. The central bank aims to boost domestic demand and high-level opening-up, contributing to a new round of global economic balance. By prioritizing domestic demand, stimulating consumption, expanding effective investment, and integrating investments in infrastructure with human capital, China will strengthen its domestic circulation and facilitate both domestic and international loops. Improving the business environment will ensure fair competition for all market entities, while innovation will drive productivity gains. Inclusive growth will focus on raising household disposable incomes and refining income distribution and social security systems. China will also expand high-level opening-up to become a core global demand market alongside its status as a manufacturing powerhouse, offering new opportunities to the world through its vast market. Furthermore, it will strengthen international economic and financial cooperation, actively participate in global financial governance reforms, and safeguard global economic and financial stability.