[IMF report says US banking turmoil and other factors aggravate the risk of global financial stability China's response] Foreign Ministry spokesman Wang Wenbin held a regular press conference on 20 April. A reporter asked that the new global financial stability report released by the International Monetary Fund recently pointed out that factors such as banking turmoil in the United States have aggravated the risk of global financial stability. How do you comment on this? Wang Wenbin said: we have taken note of the relevant reports. Global financial stability has a bearing on the effectiveness of the recovery and development of the world economy and the common interests of all countries, and requires joint maintenance by all parties. At present, the international financial risk is prominent, which is closely related to the adjustment of monetary policy in the United States and other developed countries. It is generally believed by all international parties that US economic and financial policies have become the biggest challenge to global financial stability. The Fed's aggressive interest rate hike since last year has greatly pushed up the global financing costs of finance and intensified the disorderly flow of international capital, which has not only led to the bankruptcy or acquisition of some banks in the United States and Europe, but also aggravated the difficulties of emerging markets and developing countries. it is not conducive to the stable recovery of the world economy and the common development of the world. Wang Wenbin said that relevant studies show that nearly half of the debts of countries with heavy debt burdens in the world come from commercial creditors of developed countries. Since last year, interest rates in the United States and other developed countries have risen, significantly increasing the debt service burden of these countries, plunging them into a vicious circle of debt repayment and facing the outstanding risk of debt default. Wang Wenbin said: we urge the United States and other developed countries to carefully assess the spillover impact of their economic and financial policies, stabilize market expectations in a timely manner, and avoid a vicious impact on global financial stability. At the same time, we call on developed countries to listen to the true aspirations and urgent needs of the vast number of developing countries, provide real assistance to countries facing difficulties, stop paying lip service and blaming others, and earnestly shoulder their due obligations to maintain global financial stability and promote the recovery of the world economy.