At the Fifty-First Meeting of the International Monetary and Financial Committee (IMFC) in Washington, D.C., Pan Gongsheng, governor of the People’s Bank of China, delivered a sharp warning about the global economy’s frailties.
Pan pointed out that global growth momentum is weak, with prominent downside risks lurking around every corner. He urged finance leaders to stay vigilant as the world navigates choppy waters.
Zeroing in on recent tariff abuses by the United States, Pan argued these moves have violated the rights and interests of other countries, undermined the rules-based multilateral governance system, and dealt a heavy blow to long-term stable global growth.
These disputes have triggered sharp volatility in global financial markets—hitting developed economies hardest and posing serious challenges to emerging market economies and developing countries, Pan added.
The two-day gathering, held from Thursday to Friday, brought together finance and central bank chiefs to discuss the global economic and financial situation and the work of the IMF. Pan’s remarks underscored a growing consensus that multilateral cooperation is key to weathering current headwinds.
For young entrepreneurs, tech innovators, and digital nomads tracking these trends, his message is clear: advocating for open trade and resilient financial policies will be more important than ever as we look to build a stable—and inclusive—global economy.
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China's central bank governor attends IMF meeting in Washington, D.C.
cgtn.com
