Guan Tao, Global Chief Economist of Bank of China Securities, said at the "2022 China Economic Situation Analysis Conference" hosted by China News Agency on the 17th that the further differentiation of monetary policies between China and the United States in 2022 will not hinder China's "self-centered" monetary policy operations.

China is a big country, and the monetary policy of a big country gives priority to domestic growth, employment, price stability, etc., and looking at the response to this epidemic, China's monetary policy is first-in, first-out, and the mismatch of private currency has been greatly improved.

After the "8.11 exchange rate reform", the RMB exchange rate has improved and its flexibility has increased, so the adaptability and tolerance of market players to the rise and fall of the RMB exchange rate have been greatly enhanced, which also provides room for independent monetary policy.

(Produced by Xia Bin Wang Dongyu Li Jiali)

Responsible editor: [Li Ji]