Speaking at the G20 finance ministers and central bank governors meeting in
Asheville, PBOC’s Pan said China’s economy is broadly stable, with ongoing
structural improvement and continued progress on high‑quality development;
underlying long‑term growth fundamentals remain intact. He said the government
will press ahead with structural upgrading as a strategic priority of the 15th
Five‑Year Plan, that China does not deliberately pursue a trade surplus, and
that it will expand domestic demand and maintain high‑level openness to provide
market opportunities and support global economic rebalancing. The PBOC will
continue reforming its monetary policy framework, refine the interest‑rate
system, and maintain an appropriately accomodative policy stance to support
stable growth and financial‑market stability.
