G20 meeting: Xuan Changneng emphasizes multilateralism and China's economic resilience
Deputy Governor Xuan Changneng of the People's Bank of China attended a virtual G20 meeting on February 25, 2026. He advocated for multilateralism and highlighted China's stable economic outlook amid global challenges.
Multilateralism as a global imperative
Deputy Governor Xuan Changneng of the People's Bank of China emphasized the critical need for multilateralism and open, win-win cooperation amidst complex global economic challenges.
Speaking at a virtual G20 Finance and Central Bank Deputies meeting on February 25, 2026, he urged the international community to safeguard the existing international economic and trade order.
Xuan highlighted China's firm support for the G20 finance track, advocating for enhanced macroeconomic policy coordination and robust experience-sharing among member nations.
The objective, he stated, is to remove obstacles hindering global economic growth and foster a more robust, sustainable, balanced, and inclusive recovery worldwide.
This approach, according to Xuan, is essential to navigate current volatilities and build a stable global economic environment for all participants.
China's stable economic foundation
Deputy Governor Xuan underscored the inherent strengths and resilience of the Chinese economy, asserting that its vast potential and positive long-term growth trends remain unchanged.
He detailed China's ongoing efforts to establish a scientific and robust monetary policy system, complemented by a comprehensive macroprudential regulatory framework.
These initiatives aim to smooth the monetary policy transmission mechanism and enhance the functionality of capital markets, ensuring better alignment between investment and financing.
By channeling financial resources towards high-quality growth and advancing economic structural transformation, China seeks to contribute significant stability and certainty to the global economic recovery and growth trajectory.
A steady hand in uncertain times
Deputy Governor Xuan's address offers a reassuring message of stability and multilateral commitment amidst global economic fragmentation.
It positions China as a key proponent of open cooperation, aiming to instill confidence in its capacity to navigate headwinds.
This proactive stance, emphasizing robust policy frameworks, seeks to contribute positively to global recovery.