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 candid and insightful speech on the state of the global economy. His remarks struck a chord with many, highlighting that the current momentum of global economic growth is weak and laden with downside risks.
Pan pointed out that the recent abuse of tariffs by the United States has seriously violated the legitimate rights and interests of other countries, undermined the rules-based multilateral governance system, and dealt a heavy blow to the global economic order. This situation has sparked sharp volatility in global financial markets, particularly affecting developed economies, while posing serious challenges for emerging market economies and developing countries.
Throughout the meeting, discussions focused on the global economic and financial landscape as well as the ongoing work of the IMF. Pan’s remarks serve as a timely reminder of the complexities in today’s interconnected world—an important message for professionals, academics, and young global citizens alike. Stay tuned as we continue to follow these evolving global trends! 🌍💼
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China's central bank governor attends IMF meeting in Washington, D.C.
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