File photo of China's central bank governor Pan Gongsheng. /CFP
China's economic indicators continue to improve, with positive factors accumulating, Pan Gongsheng, the country's central bank governor said during the Group of 20 (G20) Finance Ministers and Central Bank Governors meeting in Marrakech, Morocco held from Thursday to Friday.
Pan stressed that the Chinese economy has maintained a recovery trend, with the structure of economic growth constantly optimizing.
To support the real economy, the People's Bank of China (PBOC) will continue to implement proactive fiscal and monetary policies with precision and forcefulness, according to Pan.
As co-chair of the G20 Sustainable Finance Working Group, PBOC will continue to work with all parties to promote sustainable finance, he added.
Pan called on all parties in the G20 to strengthen macro-policy coordination to properly deal with the spillover effects of monetary policies changes by major developed economies, which significantly impact emerging markets and developing countries' economies.
Central bankers and finance ministers from the world's 20 largest economies also discussed measures to promote global economic recovery amid raising uncertainties. This comes amid renewed progress in areas such as crypto asset regulation and strengthening multilateral development banks.
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