Pang Gongsheng, the Governor of the People's Bank of China, emphasized at the G20 Finance Ministers and Central Bank Governors Meeting in Washington on the 23rd that the global economy is facing high uncertainty. Factors such as economic fragmentation and trade tensions are exacerbating the chaos in global supply chains and pose serious challenges to the stability of financial markets and global economic growth.

Pang pointed out that the current international economic environment is affected by geopolitical conflicts, the rise of unilateralism, and protectionist measures, which are impacting the global industry and supply chains, leading to market turbulence and weakening the endogenous growth momentum of the global economy. He urged all parties to work together to avoid the global economy drifting toward a direction full of friction and distrust.

He stressed the importance of opposing protectionism and trade barriers, noting that "there are no winners in trade wars or tariff wars, and unilateralism and protectionism lead to no outcomes that serve anyone's long-term interests." Regarding globalization and international trade, Pang reaffirmed that China will steadfastly promote its opening-up policy and support a multilateral trade system centered around the WTO. He pointed out that China is committed to building a more inclusive and fair global economic framework and will actively maintain global economic and financial stability.