State Council's report on the financial situation was submitted for review at the 18th meeting of the 14th National People's Congress Standing Committee on the 26th. The report pointed out that it is necessary to implement and refine a moderately loose monetary policy to create a suitable monetary and financial environment for consolidating and expanding the positive trend of economic recovery. Implement various monetary policy measures that have been introduced, continuously release policy effectiveness, and research new policy initiatives. Strengthen the implementation and supervision of interest rate policies, and promote a decrease in the overall social financing cost. (Xinhua News Agency)
