On April 23, Eastern Time, at the G20 Finance Ministers and Central Bank Governors Meeting in Washington, D.C., US, Pan Gongsheng, Governor of the People's Bank of China, stated that the current global economy is fraught with uncertainty, with economic fragmentation and trade tensions intensifying, disrupting the global industry chain and supply chain, triggering financial market turbulence, and weakening global economic momentum. All parties should strengthen cooperation and strive to prevent the global economy from sliding into a "high-friction, low-trust" trajectory. There are no winners in trade wars or tariff wars, and unilateralism and protectionism offer no way out, serving no one's interests. China will persist in opening up, firmly support free trade rules and the multilateral trading system, promote inclusive and equitable economic globalization, and safeguard global economic and financial stability.