A post by @FirstSquawk on X.

The People's Bank of China said global economic growth lacks sufficient resilience, issuing the assessment in a brief statement without attaching specific figures or policy measures. The comment from China's central bank matters because it signals caution from the world's second-largest economy about external demand and financial conditions, a stance that can shape expectations for yuan stability and cross-border capital flows. Traders will watch for follow-up PBOC communications, including any adjustment to the yuan's daily fixing, reserve requirement ratios or lending rates, for confirmation of how the cautious view translates into policy.