Skip to content

PBOC Ex-Governor Warns of Protectionism Against Multinationals

The former governor of China’s central bank, Zhou Xiaochuan, warned against protectionism and nationalism directed at multinational companies as world leaders seek to close tax loopholes.

While multinationals cause some distortion by avoiding taxes, they’re a key to global commerce, Zhou said at the annual meeting of International Finance Forum held in Guangzhou Saturday.