ECB Executive Board member Philip R. Lane says the ECB and the People's Bank of China hold regular exchanges, and deeper mutual understanding benefits both sides amid extensive trade, technology and financial ties. A first annual governors' meeting in Beijing in June 2025 set up a high-level channel, alongside renewed bilateral currency swap facilities and joint work on green finance standards. Lane said both institutions lead the Network for Greening the Financial System and that the G20 roadmap is the best route for cross-border payments. China's GDP grew 4.5% year-on-year in the third quarter of 2026, and Lane said its strong exports benefit Europe while more domestic consumption would help both sides. The euro area proved more resilient than expected, prompting the ECB to raise its 2026 and 2027 growth forecasts in September, though it has implemented two rate hikes and will not lock in future moves.
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- Regular central bank dialogue underpins win - win China - EU economic and financial ties : ECB official
- Regular central bank dialogue underpins win - win China - EU economic and financial ties : ECB official
- Regular central bank dialogue underpins win - win China - EU economic and financial ties : ECB official
- Regular central bank dialogue underpins win - win China - EU economic and financial ties : ECB official
- Regular central bank dialogue underpins win-win China-EU economic and financial ties: ECB official
ECB Executive Board member Philip R. Lane said the ECB and the People's Bank of China maintain regular multi-channel exchanges, building on the first annual governors' meeting in Beijing in June 2025. The two central banks lead the Network for Greening the Financial System and back the G20 roadmap for cross-border payments. Lane said China's strong exports benefit European consumers and manufacturers, and that more domestic consumption would help both sides. China's GDP grew 4.5% year-on-year in the third quarter of 2026, while the euro area has proved more resilient than expected, prompting the ECB to raise its 2026 and 2027 growth forecasts. Energy prices and inflation are rising due to the Middle East conflict, and the ECB has implemented two rate hikes to bring inflation back to its 2% target.
- Regular central bank dialogue underpins win - win China - EU economic and financial ties : ECB official
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