Economic Observation Network According to CCTV News App, on October 15th, the Group of Twenty (G20) held its annual meeting in Bangkok, ThailandThe Third G20 Finance Ministers and Central Bank Governors MeetingThe meeting discussed topics such as the global economic situation and outlook, financial sector reform, etc.

The Governor of the People's Bank of China, Pan Gongsheng, stated at the meeting that all parties should have a more comprehensive analytical perspective on global imbalances. We should not only focus on the current account, but also pay attention to financial channels, especially with the deepening of global financial integrationPay more attention to the impact of financial factors such as capital flows on imbalances。Global imbalances cannot be adjusted by exchange rates.The exchange rate is influenced by various factors such as economic growth, monetary policy, financial markets, geopolitics, and sudden risk events, and does not have a simple linear relationship with the current account. Both deficit and surplus countries should work together to achieve dynamic balance in the global economy.

Pan Gongsheng stated that,The intensification of geopolitical conflicts remains the biggest uncertainty in the global economyAll parties should make full use of the G20 financial cooperation platform, strengthen macroeconomic policy coordination, and work together to address global risks and challenges. The high-quality development of the Chinese economy continues to show a positive trend, and the People's Bank of China will continue to implement a moderately loose monetary policy.