[report on the implementation of China's Monetary Policy in the fourth quarter of 2019] in 2019, China's economy operated steadily, the structure continued to optimize, employment remained stable, the structural rise in prices was obvious, the challenges of internal and external risks increased, and the downward pressure on the economy increased. For the whole year, (GDP) grew by 6.1% compared with the same period last year, the consumer price index (CPI) rose 2.9% from the same period last year, and foreign exchange reserves remained above US $3 trillion.
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