Pan Gongsheng: Will implement a moderately loose monetary policy to promote high-quality development of the Chinese economy.

Pan Gongsheng, Governor of the People's Bank of China, attended the G20 Finance Ministers and Central Bank Governors Meeting. Pan Gongsheng emphasized that economic fragmentation and trade tensions continue to disrupt industrial and supply chains, weaken global economic growth momentum. He stated that trade wars and tariff wars have no winners, and major economies should strengthen international macroeconomic and financial policy coordination, take substantive actions to promote international cooperation, and maintain global economic and financial stability. Currently, the Chinese economy has started off well, continuing to show signs of improvement, with stable operations in financial markets. The People's Bank of China will implement a moderately loose monetary policy to promote high-quality economic development in China.