People's Bank of China Governor Pan Gongsheng said on Saturday that Beijing supports stronger IMF fiscal risk surveillance in major advanced economies, along with closer monitoring of their spillover effects. The remarks reflect concern that fiscal vulnerabilities in large developed economies, such as unsustainable debt paths, could destabilize global financial flows. He made the comments at the International Monetary and Financial Committee meeting, held alongside the annual IMF and World Bank gatherings in Bangkok.
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