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Abstract: This chapter will discuss the current situation, evolution, and outlook of China’s monetary policy in two parts. First, we begin with an explanation of the basics of China’s monetary policy, including the evolution and development of China’s Monetary Policy framework, and the targets, instruments, and transmission mechanisms of China’s monetary policy. Then we will discuss the major features of China’s monetary policy in the twenty-first century. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.