China supports the International Monetary Fund’s efforts to strengthen surveillance of fiscal risks in major advanced economies and assess their spillover effects on the global economy, People’s Bank of China Governor Pan Gongsheng said, according to a report by Reuters.
Speaking at a meeting of the International Monetary and Financial Committee during the annual gatherings of the IMF and World Bank in Bangkok, Pan called for greater attention to rising fiscal vulnerabilities and the impact of financial factors on global economic imbalances, according to a statement from the central bank.
