PBoC Governor Pan, at the G20, said China will not deliberately pursue a trade surplus and will expand domestic demand while maintaining high-level opening

China’s economy remains broadly stable, with long-term growth fundamentals intact. China will prioritise structural upgrading under the 15th Five-Year Plan and provide more market opportunities to support global economic rebalancing. PBoC will continue reforming its monetary policy framework and refining the interest-rate system. Monetary policy will remain appropriately accommodative to support stable growth and financial-market stability.