[Pan Gongsheng, Governor of the People's Bank of China, met with European Commission Economic and Productivity Commissioner Dombrovskis, European Central Bank President Christine Lagarde, Eurogroup President Pieracakis and the governors of relevant European central banks] On October 16, Pan Gongsheng, Governor of the People's Bank of China, attended the International During the annual meeting of the IMF/World Bank, Dombrovskis, Commissioner for Economy and Productivity of the European Commission, Christine Lagarde, President of the European Central Bank, and Pieracakis, President of the Eurogroup met at request, and exchanged views on China-EU macroeconomic and financial policies, China-EU monetary and financial cooperation and other issues. Pan Gongsheng said that global economic imbalances are closely related to the evolution of the global division of labor, inherent contradictions in the international monetary system, and long-term high fiscal deficits and high consumption in some countries. Global imbalances cannot rely on exchange rate adjustment. The exchange rate is affected by many factors such as economic growth, monetary policy, financial markets, geopolitics, and unexpected risk events, and there is no simple linear relationship with the current account. Deficit countries and surplus countries should work together to achieve a dynamic balance in the global economy. China is a responsible major country. In recent years, it has been committed to expanding domestic demand and actively promoting the transformation of its economic growth model. China will firmly implement the strategic direction and key measures set out in the 15th Five-Year Plan, closely integrate investment in things and investment in people, vigorously promote the development of the service industry, and continue to promote structural reforms, thereby promoting the macroeconomic to achieve a new internal and external balance at a higher level. China is willing to strengthen coordination and cooperation with the EU, give full play to the role of mechanisms such as the China-EU Financial Working Group and the annual meeting of China-EU central bank governors, and push China-EU financial cooperation to new heights. The European side stated that the adjustment of global imbalances requires the efforts of all stakeholders. The EU will increase investment, promote internal market integration, and improve productivity and long-term competitiveness. China and Europe have close economic ties, and the two sides share extensive common interests in maintaining global economic and financial stability, promoting trade and investment, and improving global economic governance. The EU is willing to strengthen macroeconomic policy communication and coordination with China, properly handle differences, deepen practical cooperation in the monetary and financial fields, and promote the stable and healthy development of China-EU relations. From October 14 to 16, 2026, Governor Pan Gongsheng also met with the Governor of the Bank of France, Moulins, and the Governor of the Swedish Bank, Terden, respectively, and exchanged views on the global economic and financial situation, deepening bilateral monetary and financial cooperation and other issues. Xu Changneng, Deputy Governor of the People's Bank of China, attended the above meeting.