Zhang Wenlang, chief macroeconomic analyst at CICC's research department, said that judging from the overall policy, monetary policy will continue to be “moderately loose” in the second half of the year, and it is expected that interest rate cuts will depend on economic growth and price levels.

Zhang Wenlang, chief macroeconomic analyst at CICC's research department, said that judging from the overall policy, monetary policy will continue to be “moderately loose” in the second half of the year, and it is expected that interest rate cuts will depend on economic growth and price levels.