[Pan Gongsheng: All countries should formulate medium- and long-term policy plans, make clear commitments and resolutely implement them, and avoid back-and-forth flipping] From August 31 to September 1, Pan Gongsheng, Governor of the People's Bank of China, attended the G20 Finance Ministers and Central Bank Governors meeting and said that internationally, rising trade protectionism, the generalization of national security issues, and the unpredictable policy environment are important reasons for the intensification of global imbalances in recent years. To resolve global imbalances, countries need to promote their own structural reforms. Deficit countries reduce their fiscal deficits and increase their savings rates, while surplus countries moderately promote consumption and investment growth. At the same time, we must adhere to multilateralism and strengthen international cooperation. Addressing global imbalances should focus on medium-term commitments. All countries should formulate medium- and long-term policy plans, make clear commitments and resolutely implement them, and avoid back-and-forth flipping. The Chinese government insists on and continues to promote the transformation and upgrading of the economic structure and regards this as a strategic focus of the "15th Five-Year Plan". China has never deliberately pursued a trade surplus. It insists on expanding domestic demand and high-level opening up to the outside world. It uses China's large market to provide new opportunities for all parties and contribute to a new round of dynamic balance of the global economy. (Reporter Li Ting)