Global Market: China backs IMF scrutiny of fiscal risks in major economies
China backed the IMFs efforts to monitor fiscal risks in major advanced economies and assess global spillover effects. PBOC Governor Pan Gongsheng highlighted rising debt, financial imbalances and cross-border capital flows, while opposing protectionism. The IMF urged China to strengthen domestic consumption and reduce reliance on exports.
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.US MarketsPowered ByAs on 17 Oct 2026, 01:30 AM ISTS&P 500 Top GainersTarga Resources294.90(4.37%)Diamondback Energy203.95(4.27%)EOG Resources158.01(4.20%)Kinder Morgan34.20(4.20%)Gainers»S&P 500 Top LosersSuper Micro Computer31.63(-9.86%)Coterra Energy32.56(-8.62%)Moderna218.01(-7.82%)Palo Alto Networks342.00(-7.63%)Losers»
