The Central Economic Work Conference was held in Beijing from December 11 to 12. The conference pointed out that it is necessary to implement a moderately loose monetary policy, cut interest rates in due course, maintain abundant liquidity, and increase the scale of social financing and money supply in line with the expected goals of economic growth and overall price levels. Explore and expand the central bank's macroprudential and financial stability functions. It is necessary to play a good policy mix, strengthen coordination of fiscal, monetary, employment, industrial, regional, trade, environmental protection, supervision and other policies and reform and opening-up initiatives, improve effective interdepartmental communication, consultation and feedback mechanisms, unify economic policies and non-economic policies into the consistent assessment of macroeconomic policy orientation, and improve the overall effectiveness of policies.