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Strike the right balance and pursue high-quality development of the Chinese economy

· Pan Gongsheng, Governor of the People's Bank of China (China)

Summary written by Dark Majestic in its own words · topics: financial stability, banking regulation and supervision, development and emerging economies, growth, investment and productivity

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· Pan Gongsheng Wiki · People's Bank of China WikiStrike the right balance and pursue high-quality development of the Chinese economy

ContextKeynote speech by Pan Gongsheng, Governor of the People's Bank of China, at the Annual Conference of the Financial Street Forum 2024, Beijing, 18 October 2024.

Why it mattersChina's governor explains macroprudential tools to curb market risks during stimulus.

Problems raised
  1. China must balance growth, restructuring and risk.
  2. Financial market risks can build up.
  3. Stability needs guarantees.
Solutions proposed
  1. Use macroprudential tools to curb market risks.
  2. Improve risk monitoring and early warning.
  3. Strengthen the financial stability system.
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