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The Political Bureau of the Central Committee of the Communist Party of China held a meeting to analyze and study the current economic situation and economic work. General Secretary Xi Jinping presided over the meeting. The meeting emphasized the need to accelerate the implementation of more proactive macro policies, make good use of more proactive fiscal policies and moderately loose monetary policies. Speed up the issuance and use of local government special bonds and ultra-long-term special government bonds. Ensure the bottom line of the "three guarantees" at the grassroots level. Appropriately lower the reserve requirement ratio and interest rates, maintain ample liquidity, and strengthen support for the real economy. Create new structural monetary policy tools and establish new policy-based financial instruments to support technological innovation, expand consumption, and stabilize foreign trade, among others. Strengthen the consistency of policy orientation