China's PBOC chief backs stronger IMF oversight, citing fiscal risks in major economies

China's central bank president publicly endorsed expanded IMF surveillance, attributing the need to rising financing costs, persistent fiscal deficits in major economies, and fragile investor confidence. This marks a notable shift toward supporting multilateral oversight, potentially signaling Beijing's intent to shape global financial governance. The statement is a policy position, not a concrete action, and its impact depends on follow-through at IMF forums.