China's central bank chief urges 'comprehensive' view on global imbalances

BEIJING, Oct 15 (Reuters) - ‌China's central ​bank ​governor called for looking beyond current account and exchange rate adjustments when ‌it comes to global imbalances, in a ⁠further defence of China's policies against trade partners' criticisms.

• ‌The People's Bank of ‌China (PBOC) Governor Pan Gongsheng urged a "more comprehensive analytical perspective" regarding global imbalances in a G20 ​meeting of finance ministers and central bank governors on Thursday in Bangkok, a central ⁠bank statement showed.

• Pan said attention should be paid not ​only to the current account, which covers goods and services trade, but also ​to money flows in financial ‌channels, according to the statement.

• Global imbalances cannot be resolved through exchange ⁠rate adjustments alone, he said.

• Deficit and surplus countries should work in concert to achieve a ⁠dynamic equilibrium in the global economy, Pan was quoted ​as saying.

• As China's trade surplus surges, European leaders have intensified calls for a stronger yuan.

• The PBOC ‌pushed back against foreign criticism of its exchange-rate policy in a statement ‌earlier this month, saying it neither needs nor ⁠intends to obtain ‌a trade competitive ​edge through exchange-rate depreciation.

(Reporting by Yukun Zhang and Ryan Woo; Editing by Toby ‌Chopra)

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