PBOC’s Pan Pledges More Steps to Address Tariff Shock If Needed

China will adopt new policy support for the economy to counter external shocks if needed, central bank governor Pan Gongsheng said, in line with top officials’ latest signals of taking a patient approach to supporting growth.

“China has factored in all kinds of uncertainties when formulating this year’s macroeconomic policies,” Pan said in a statement to the top advisory board of the International Monetary Fund, which convened Thursday and Friday in Washington.

“We have abundant policy tools to deploy, and if necessary, we will introduce new incremental policies in a timely manner to forcefully and effectively address external uncertainties,” he ...