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

09:11 25/04/2025

Pan Gongsheng, Governor of the People's Bank of China, attended the G20 Finance Ministers and Central Bank Governors Meeting.

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.

The People's Bank of China has increased its gold holdings for the 15th consecutive month.

100 billion is simply not enough to distribute! Investors are rushing to add to Anthropic, and the frenzy of oversubscription is pushing funding to 20 billion US dollars.

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The People's Bank of China has increased its gold holdings for the 15th consecutive month.

100 billion is simply not enough to distribute! Investors are rushing to add to Anthropic, and the frenzy of oversubscription is pushing funding to 20 billion US dollars.

The Federal Reserve's Daly warns of vulnerability in the labor market, says it may be necessary to cut interest rates one to two more times this year.