The People's Bank of China (PBOC) outlined plans to step up its moderately loose monetary stance in the second half of 2025. At its mid-year meeting, the bank pledged to channel greater financial support toward sci-tech innovation and domestic consumption.
Officials noted that measures implemented since early 2025 have already boosted funding for economic growth, structural transformation and high-quality development. With fresh tools on the horizon, the PBOC said it aims to accelerate research and development projects, spur new industries and unlock more purchasing power among households and businesses.
Analysts say the move underscores the Chinese mainland's focus on innovation-driven growth as global markets navigate evolving challenges. For tech entrepreneurs and young professionals, the expected influx of credit could translate into more resources for startups and cutting-edge ventures. Consumers, meanwhile, may see incentives that encourage spending on goods ranging from electric vehicles to smart devices.
As the world looks on, the PBOC's H2 roadmap will be a key indicator of how the Chinese mainland balances stability with ambition, paving the way for sustainable, high-quality growth in an interconnected global economy.
Reference(s):
China pledges stronger support for innovation, consumption in H2
cgtn.com
