Vice Governor of the People's Bank of China, Xuan Changneng, attended the G20 Finance and Central Bank Deputies Meeting

On February 25, 2026, the Group of Twenty (G20) held a meeting of deputies of the finance ministries and central banks in a video conference format, the meeting of deputies of the finance ministries and central banks. The meeting focused on global economic growth. Xuan Changneng, Deputy Governor of the People’s Bank of China, attended the meeting and delivered remarks. Xuan Changneng said that, in response to the current complex and evolving challenges to global economic growth, countries should, more than ever, uphold multilateralism and pursue a strategy of win-win openness, safeguard international economic and trade order, and jointly work to build an open world economy. China supports strengthening macro policy coordination and experience sharing through the G20 finance and central bank track, removing obstacles to economic growth, and promoting strong, sustainable, balanced, and inclusive growth. Xuan Changneng noted that China’s economy has solid fundamentals, many strengths, strong resilience, and great potential, and that the underlying conditions and basic trends supporting long-term improvement have not changed. China is working to build a scientific and sound monetary policy framework and a comprehensive macroprudential management system, ensure the smooth transmission mechanism of monetary policy, improve capital market functions that coordinate investment and financing, guide financial resources to better serve high-quality growth, and promote the transformation and upgrading of the economic structure, thereby injecting more stability and certainty into the recovery and growth of the world economy. (PBOC)