中国人民银行：2025年第二季度中国货币政策执行报告（英文版）

Since the beginning of 2025, under the strong leadership of the CPCCentral Committee with Comrade Xi Jinping as its core, stepped-up efforts have been made toimplement proactive and effective macroeconomic policies. China’s economyhas developed steadily on a positive trajectory, and major economic indicators haveperformed well, demonstrating strong vitality and resilience. In H1, the Gross Domestic Product (GDP) grew 5.3 percent year on year, with a sustained uplift insocial confidence as wel