MNI BRIEF: China To Open Up, Support Free Trade - PBOC's Pan

China will continue to open up its economy and to support free trade rules and the multilateral trading system, said People’s Bank of China Governor Pan Gongsheng, PBOC-run newspaper Financial News reported Thursday.

China will promote inclusive economic globalisation and maintain global financial stability, Pan said during the G20 Finance Ministers and Central Bank Governors Meeting in Washington, calling for efforts to prevent the global economy from sliding onto a track of “high friction and low trust”.

Trade or tariff war is not in the interests of any party, Pan added. (See MNI INTERVIEW: PBOC To Ease In Tariff Response - BOC's Zong)