On October 16, 2026, while attending the World Bank/International Monetary Fund annual meeting and the G20 finance ministers and central bank governors meeting in Bangkok, Thailand, Minister of Finance Lam Hoan was invited to hold talks with European Commission Economic and Productivity Commissioner Dombrowskis, European Central Bank President Lagarde, and Eurogroup Chairman Pieracakis to exchange views on topics such as macroeconomic policies between China and Europe. Liao Min, Vice Minister of Finance, accompanied the event. Lan Foan said that the world economy is currently facing multiple challenges. China and Europe, as major economies, should push all parties to practice true multilateralism, oppose all forms of unilateralism and protectionism, strengthen macroeconomic policy coordination, maintain the stability of the international production supply chain, and inject momentum into global economic growth. Lan Foan emphasized that global imbalances are complex economic structural problems. Their causes stem from multiple factors such as the development of economic globalization and the international division of labor, the dominant position of major currencies, and the macroeconomic policy orientation of various countries. In recent years, they have also been more affected by non-economic factors such as geopolitics and protectionism. All parties should view imbalances comprehensively, objectively and in a balanced manner, and promote balanced and sustainable growth of the global economy through open cooperation and macroeconomic policy coordination. China is speeding up the construction of a new development pattern where domestic circulation is the main body and domestic and international dual cycles promote each other. Expanding domestic demand is an important strategic fulcrum. During the “15th Five-Year Plan” period, China will pay more attention to expanding domestic demand, invest more in people, pay more attention to openness and sharing, promote effective qualitative improvement and reasonable quantitative growth of the economy, and continue to provide opportunities and important support for world economic growth. China is ready to give full play to the role of mechanisms such as financial dialogue between China and Europe to communicate with the European side on improving global economic governance and strengthening macroeconomic policy coordination.

On October 16, 2026, while attending the World Bank/International Monetary Fund annual meeting and the G20 finance ministers and central bank governors meeting in Bangkok, Thailand, Minister of Finance Lam Hoan was invited to hold talks with European Commission Economic and Productivity Commissioner Dombrowskis, European Central Bank President Lagarde, and Eurogroup Chairman Pieracakis to exchange views on topics such as macroeconomic policies between China and Europe. Liao Min, Vice Minister of Finance, accompanied the event. Lan Foan said that the world economy is currently facing multiple challenges. China and Europe, as major economies, should push all parties to practice true multilateralism, oppose all forms of unilateralism and protectionism, strengthen macroeconomic policy coordination, maintain the stability of the international production supply chain, and inject momentum into global economic growth. Lan Foan emphasized that global imbalances are complex economic structural problems. Their causes stem from multiple factors such as the development of economic globalization and the international division of labor, the dominant position of major currencies, and the macroeconomic policy orientation of various countries. In recent years, they have also been more affected by non-economic factors such as geopolitics and protectionism. All parties should view imbalances comprehensively, objectively and in a balanced manner, and promote balanced and sustainable growth of the global economy through open cooperation and macroeconomic policy coordination. China is speeding up the construction of a new development pattern where domestic circulation is the main body and domestic and international dual cycles promote each other. Expanding domestic demand is an important strategic fulcrum. During the “15th Five-Year Plan” period, China will pay more attention to expanding domestic demand, invest more in people, pay more attention to openness and sharing, promote effective qualitative improvement and reasonable quantitative growth of the economy, and continue to provide opportunities and important support for world economic growth. China is ready to give full play to the role of mechanisms such as financial dialogue between China and Europe to communicate with the European side on improving global economic governance and strengthening macroeconomic policy coordination.