ECONOMY

Ex-PBOC Governor Urges Global Policy Coordination, Warns on Tariffs

Published: Mar. 26, 2026 11:50 a.m. GMT+8

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Zhou Xiaochuan speaks at the "Challenges and Prospects of Global Climate Governance" sub-forum in Boao, Hainan province, on March 25, 2026. Photo: Tian Yuhao/China News Service/VCG

Former Chinese central bank governor Zhou Xiaochuan urged major economies to revive international policy coordination, warning that rising geopolitical tensions and trade frictions could undermine global stability.

Speaking at the Boao Forum for Asia on Wednesday, Zhou cautioned against using tariffs to address trade imbalances, saying such measures could create “very tricky problems.” He said countries should instead seek solutions through multilateral frameworks such as the International Monetary Fund.

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Zhou Xiaochuan urged renewed global economic policy coordination amid rising geopolitical tensions and trade frictions.
He warned against using tariffs to address trade imbalances, advocating multilateral solutions through forums like the IMF.
Zhou emphasized the necessity for global cooperation on issues such as investment imbalances, financial integration, climate change, and debt.

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