China’s Central Bank Chief Urges ‘Comprehensive’ View on Global Imbalances
6 Articles
6 Articles
China's Central Bank Chief Challenges Narrow Views of Global Trade Imbalances
PBOC Governor Pan Gongsheng told G20 officials that global imbalances demand a wider lens beyond current accounts and exchange rates. Financial flows and joint action between deficit and surplus nations hold the key to equilibrium. China's record surpluses have drawn sharp criticism, yet Beijing maintains it seeks no currency advantage.
China says only joint action, not exchange rates alone, can address global imbalances
China’s central bank chief has said exchange-rate adjustments alone cannot resolve global economic imbalances, urging surplus and deficit economies to share responsibility for addressing them. He also pledged to promote yuan-denominated bonds as “eligible collateral widely recognised and accepted globally”. Speaking at the third G20 finance ministers and central bank governors’ meeting in Bangkok on Thursday, Pan Gongsheng, governor of the Peopl…
China’s central bank chief urges ‘comprehensive’ view on global imbalances
BEIJING, Oct 15 (Reuters) – China’s central bank governor called for looking beyond current account and exchange rate adjustments when it comes to global imbalances, in a further defence of China’s policies against trade partners’ criticisms. • The People’s Bank of China (PBOC) Governor Pan Gongsheng urged a “more comprehensive analytical perspective” regarding global imbalances in a G20 meeting of finance ministers and central bank govern…
[Cable News] People's Bank of China Governor Pan Gongsheng stated that global imbalances cannot rely on exchange rate adjustments. Pan Gongsheng made these remarks at the G20 Finance Ministers and Central Bank Governors Meeting held in Bangkok, Thailand.
China's central bank governor called for, in discussions about global imbalances, to look beyond the current account and exchange rate adjustments – a new attempt to defend China's policies on the basis of criticism from trading partners. Pan Gongsheng, the Governor of the People's Bank of China (PBOC), pleaded for [...]
CBUAE explores ways to strengthen financial sector resilience at G20 Central Bank Governors meeting in Bangkok
The Central Bank of the United Arab Emirates (CBUAE) participated in the G20 Central Bank Governors and Finance Ministers Meeting, held today in Bangkok, Thailand. The CBUAE’s participation reflects the UAE’s pivotal role in international financial forums and the central bank’s commitment to strengthening dialogue and coordination with central banks and international financial institutions, in […]
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