Pan Gongsheng: Uncertainties in trade policies and other factors continue to disrupt industrial and supply chains, and fiscal vulnerabilities may trigger market turmoil

The G20 held its fourth G20 Finance Ministers and Central Bank Governors meeting of this year in Washington, D.C., USA, from October 15 to 16. The meeting discussed topics such as the global economic outlook, improving the international financial architecture, financial sector reforms, and addressing the development and growth challenges in Africa. The Governor of the People's Bank of China, Pan Gongsheng, attended the meeting and delivered a speech, while the Deputy Governor, Xuan Changneng, participated in the meeting.

Pan Gongsheng emphasized that the ongoing uncertainty in trade policies and geopolitical tensions continue to disrupt industrial and supply chains, and the combination of fiscal vulnerabilities and financial vulnerabilities could trigger market turbulence. G20 countries should continue to strengthen cooperation and improve global governance; continue to advance the reform of the International Monetary Fund's quota system, achieving meaningful quota adjustments under the seventeenth general review of quotas. China's economy continues to show a positive trend, with stable operation in the financial markets. The People's Bank of China will implement a moderately accommodative monetary policy to promote high-quality economic development in China