Global Market: China backs IMF scrutiny of fiscal risks in major economies
China backed the IMF’s efforts to monitor fiscal risks in major advanced economies and assess global spillover effects. PBOC Governor Pan Gongsheng highlighted rising debt, financial imbalances and cross-border capital flows, while opposing protectionism. The IMF urged China to strengthen domestic consumption and reduce reliance on exports.
Key Takeaways
- China backed the IMF’s efforts to monitor fiscal risks in major advanced economies and assess global spillover effects.
- PBOC Governor Pan Gongsheng highlighted rising debt, financial imbalances and cross-border capital flows, while opposing protectionism.
- The IMF urged China to strengthen domestic consumption and reduce reliance on exports.
China backed the IMF’s efforts to monitor fiscal risks in major advanced economies and assess global spillover effects. PBOC Governor Pan Gongsheng highlighted rising debt, financial imbalances and cross-border capital flows, while opposing protectionism. The IMF urged China to strengthen domestic consumption and reduce reliance on exports.
Original Publisher Attribution
This summary was curated from Economic Times.