On April 17, Xuan Changneng, deputy director of the State Administration of Foreign Exchange and member of the party group, said at the 2022 Tsinghua PBCSF Global Financial Forum that recently, the global geopolitical situation has been tense, and the sanctions introduced by relevant countries have brought new changes to the global economic and financial system. The impact of the outbreak has exacerbated the unfavorable situation of high global inflation, tight supply chains, and food shortages. The difficulties faced by the people of the third world countries are particularly serious.

Moreover, the accelerated adjustment of monetary policies in developed economies under high inflation has further exacerbated the debt repayment pressure of highly indebted countries.

(Xia Bin Zhong Shuang made Yue Ziyan)

Responsible editor: [Wang Kai]