PBOC Deputy Governor, IMF Counsellor discuss global economic outlook
On March 23, 2026, People's Bank of China Deputy Governor Xuan Changneng met with IMF Economic Counsellor Pierre-Olivier Gourinchas. They exchanged views on the Chinese and global economic and financial landscape, and China-IMF cooperation.
Dialogue on global and Chinese economy
On March 23, 2026, Xuan Changneng, Deputy Governor of the People's Bank of China (PBOC), engaged in a productive meeting with Pierre-Olivier Gourinchas, the Economic Counsellor of the International Monetary Fund (IMF).
Their discussions encompassed a broad range of topics, primarily focusing on the prevailing economic and financial conditions within China and across the global landscape.
A significant portion of their dialogue was also dedicated to strengthening the cooperative relationship between China and the IMF, highlighting mutual interests in global economic stability and development.
This high-level exchange serves to reinforce the ongoing commitment of both institutions to fostering robust international financial dialogue and collaboration, addressing shared challenges in an interconnected world.
Insights on China's global economic role
Mr. Pierre-Olivier Gourinchas delivered a lecture at the People's Bank of China, titled "How China's Balanced Growth Matters for the Global Economy.
" This presentation offered insights into the implications of China's economic development for the international community.
Following the lecture, a question-and-answer session was held, where Mr. Gourinchas addressed inquiries from staff members of both the PBOC and the State Administration of Foreign Exchange (SAFE).
Deputy Governor Xuan Changneng chaired the lecture, emphasizing the importance of the topic and the engagement of senior leadership in fostering intellectual exchange within the central bank.
Strengthening multilateral ties
This meeting underscores the ongoing importance of high-level dialogue between China and key international financial institutions like the IMF.
Such exchanges are crucial for fostering mutual understanding and coordinating responses to complex global economic challenges.
It signals a continued commitment to open communication and collaborative problem-solving in an evolving global financial landscape.