Pan Gongsheng: Recently, the United States has excessively imposed tariffs, seriously infringing on the legitimate rights and interests of various countries and severely damaging the rules-based multilateral governance system

The Governor of the People's Bank of China, Pan Gongsheng, attended the 51st International Monetary and Financial Committee meeting. Pan Gongsheng pointed out that the current global economic growth momentum is weak, and downward risks are prominent. Recently, the United States has excessively imposed tariffs, seriously infringing on the legitimate rights and interests of various countries, severely damaging the rules-based multilateral governance system, significantly impacting the global economic order, and undermining the long-term stable growth of the global economy; at the same time, it has triggered severe fluctuations in global financial markets, particularly affecting developed economies. This poses a threat to global financial stability and presents a severe challenge to emerging market economies and developing countries