Zhou Xiaochuan: Regional conflicts intensify tensions among major powers; advocate for strengthening international policy coordination

WealthCoffee · 2026-03-27T08:09:04+00:00

Zhou Xiaochuan pointed out at the Boao Asia Forum that regional conflicts are intensifying tensions among major powers, and international policy coordination needs to be strengthened. He emphasized the global multi-faceted imbalances, which should be addressed through multilateral mechanisms, and warned that the United States might trigger tricky issues by using tariffs rather than exchange rate adjustments.

WealthCoffee

2026-03-27 08:09:04

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[Caixin] Former Governor of the People’s Bank of China Zhou Xiaochuan stated that recent regional conflicts have intensified tensions between major powers, highlighting the need for enhanced policy coordination internationally. He expressed this view during the Bo’ao Forum for Asia Annual Conference 2026 on March 25.

Zhou Xiaochuan believes that the world is in an unbalanced state in multiple aspects, including imbalances in investment and capital flows. Solving these problems requires multilateral mechanisms, rather than relying solely on bilateral or regional measures.

“The United States is indeed also under this global imbalance, but the U.S. has decided not to use the exchange rate mechanism, instead opting for tariffs to address the issue,” Zhou Xiaochuan said. “Tariffs can lead to very tricky problems.”

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