The situation our country is facing is complicated. There are still unstable and uncertain factors in the world economic recovery. Variables brought about by macroeconomic policy adjustments in some countries, and emerging economies are facing new difficulties and challenges. The global economic landscape has undergone profound adjustments and international competition has become more intense. The factors and conditions supporting development in our country are also undergoing profound changes, and deep-seated contradictions have become prominent. We are in the throes of structural adjustment and a period of shifting growth rates. We have reached the critical juncture of climbing over the hump, and the downward pressure on the economy is still great. Comprehensively deepening reforms, adjusting and optimizing the economic structure, and promoting the development of various social undertakings require increasing revenue, appropriately expanding the fiscal deficit, and implementing proactive fiscal policies, which are conducive to promoting sustained and healthy economic development and social harmony and stability.

In the face of complex situations such as the uncertainty of international capital flows, the slow pace of the Federal Reserve's QE (quantitative easing) withdrawal, and the unresolved domestic overcapacity and structural adjustment problems, monetary policy needs to respond flexibly and be more forward-looking. We should make appropriate, timely and appropriate pre-adjustments and fine-tunes to maintain the stability of economic development. Implement a prudent monetary policy, maintain determination and take proactive actions. While stabilizing the total amount, we will guide monetary and credit to tilt towards "agriculture, rural areas and farmers", small and micro enterprises, emerging industries, high-tech industries, etc., and optimize the credit structure.

In general, my country's implementation of proactive fiscal policies and prudent monetary policies is a discretionary decision made based on the characteristics of my country's specific economic form and various policy tools, and is an in-depth adjustment of the macroeconomic pattern.