China’s central bank governor Pan Gongsheng said artificial intelligence is driving a new wave of technological and industrial transformation that brings both opportunities and risks to the global economy.
Speaking at an International Monetary Fund meeting in Washington earlier this week, Pan said rising geopolitical tensions, protectionism and trade restrictions are further weighing on global growth and increasing financial market volatility, according to a statement published on the PBOC’s website Saturday.
Pan also called for deeper international policy coordination to safeguard macroeconomic and financial stability and urged countries to uphold multilateralism and free trade.
The remarks came along with meetings this week of major multilateral lenders in Washington, where China’s Finance Minister Lan Fo’an reiterated Beijing’s call for faster World Bank shareholder reform and greater financing for infrastructure and job creation. He also pledged deeper cooperation as China seeks to expand domestic demand and share its development experience with other emerging economies, according to a separate statement on the finance ministry’s website Saturday. https://www.bloomberg.com/news/articles/2026-04-18/china-central-bank-s-pan-flags-ai-risks-opportunities-at-imf?srnd=phx-technology
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