China President Xi’s mystery plans surface with biggest shift in years

China is potentially on the brink of major monetary policy changes, responding to President Xi Jinping's call to enrich the policy toolbox. Governor Pan Gongsheng hinted at plans to trade government bonds in the secondary market and make adjustments to the interest-rate system, aiming to refine technical tools and improve transparency. These proposed changes could allow the People's Bank of China to exert greater influence over interest rates and market conditions, signaling a shift towards market-driven policies and a more efficient use of credit.