The People’s Bank of China reported that Vice Governor Xuan Changneng spoke at the G20 Finance and Central Bank Deputies meeting, held by video conference on 25 February, where participants discussed global economic growth. He urged members to uphold multilateralism and open cooperation and backed stronger macroeconomic policy coordination and experience sharing through the G20 finance track to remove obstacles to growth and support strong, sustainable, balanced and inclusive growth. Xuan also outlined China’s policy agenda, describing efforts to build a more scientific and robust monetary policy framework and a comprehensive macroprudential system, improve monetary policy transmission, strengthen the capital market’s role in balancing investment and financing, and steer financial resources toward “high-quality” growth and economic restructuring. He said China’s economic fundamentals and long-term positive trend had not changed.
Central Bank of the Republic of China2026-02-28
People’s Bank of China urges stronger G20 macro policy coordination and commitment to multilateralism amid global growth challenges
The People’s Bank of China reported that Vice Governor Xuan Changneng, at the G20 Finance and Central Bank Deputies meeting, advocated for multilateralism and open cooperation to enhance global economic growth. He emphasized stronger macroeconomic policy coordination and experience sharing through the G20 finance track. Xuan detailed China's policy agenda, focusing on a robust monetary policy framework, improved policy transmission, and steering financial resources toward high-quality growth.