Recently, the International Monetary Fund released a new “Global Financial Stability Report”, which said that factors such as the turmoil in the US banking industry increased risks to global financial stability. What is China’s comment on this? Chinese spokesperson Wang Wanpin said that global financial stability is related to the recovery and development of the world economy and the common interests of various countries, and needs to be jointly maintained by all parties.
Wang Wanpin said that the current international financial risks are major, which are closely related to the aggressive monetary policy adjustments of the United States and other developed countries. The international community generally believes that US economic and financial policies pose the biggest challenge to global financial stability.
Wang Wanpin stressed that we urge the US and other developed countries to carefully assess the spillover effect of their own economic and financial policies, stabilize market expectations in a timely manner and prevent harmful effects on global financial stability. Avoid effects.
(Credits- China Media Group, Beijing)
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