The United States, the G20 Presidency, hosted its third G20 Finance Ministers and Central Bank Governors Meeting of this year in Bangkok, Thailand on Oct 15, 2026. The meeting focused on discussions of current economic developments, financial sector issues, progress in the G20 Finance Track cooperation, and the outlook for future work. Chinese Minister of Finance Lan Fo’an, accompanied by Vice Minister Liao Min, attended and spoke at the meeting.

Lan noted that the global economy currently faces multiple challenges. The immediate priority is to properly address geopolitical conflicts, rising protectionism and increasing fragmentation, so as to create a favorable environment for global growth. The G20 should enhance certainty through macroeconomic policy coordination, foster new growth drivers through structural reforms, and expand the global economic and trade pie through openness and cooperation, thereby contributing to strong, sustainable, balanced, and inclusive global growth. The G20 should also continue to play a leading role in improving global governance and addressing global challenges. Lan emphasized that G20 discussions on major international economic and financial issues should be comprehensive, objective and balanced. China calls on all parties to uphold the spirit of consensus, fully respect and accommodate each other’s legitimate concerns, and jointly support the G20 Presidency in hosting a successful G20 Leaders’ Summit and achieving balanced and pragmatic outcomes.

Lan also noted that this year marks the beginning of China’s 15th Five-Year Plan period (2026–2030). The Chinese economy has maintained overall stability while making continued progress toward innovation-driven and high-quality development. China will implement a more proactive fiscal policy in a targeted and effective manner, promote sustained economic development driven by innovation and characterized by higher quality and stronger performance, and inject confidence and certainty into the global economy.

On the sidelines of the meeting, Lan held bilateral discussions with Deputy Prime Minister and Minister of Finance of Thailand Ekniti Nitithanprapas, Russia’s Minister of Finance Anton Siluanov, the United Kingdom’s Chancellor of the Exchequer John Healey, Minister in the Prime Minister’s Office and Second Minister for Finance and National Development of Singapore Indranee Rajah, Saudi Arabia’s Minister of Finance Mohammed Al-Jadaan, Indonesia’s Minister of Finance Suahasil Nazara, Pakistan’s Minister for Finance and Revenue Muhammad Aurangzeb, and Qatar’s Minister of Finance Ali bin Ahmed Al Kuwari. They exchanged views on macroeconomic developments, key issues of the G20 Finance Track, and bilateral cooperation. Liao Min, Vice Minister of Finance, and Chang Junhong, Assistant Minister of Finance, were present at the meetings.