In the process of promoting international monetary and financial reform, China should focus on promoting global macro-policy coordination and stimulating effective aggregate demand in the short term; Oppose global trade protectionism and actively support the resumption of Doha round negotiations; In the medium term, the focus should be on promoting the stable coordination mechanism of the international reserve currency; Reasonably define the adjustment responsibility of global imbalances and financial turmoil, and reduce negative externalities to developing countries; Ensure the relative stability of international prices of bulk resources and energy; In the long run, we should promote the reform of the international monetary system of super-sovereign reserve currency, rebuild the regulatory framework of financial globalization conducive to peaceful development, and increase the voice of developing countries.

In promoting domestic monetary and financial reform, in the short term, China should focus on accelerating the marketization of domestic finance and currency, and enhancing price elasticity and flexibility. At the same time, in view of the inherent contradiction between the US dollar and today's international monetary and financial system, global systemic risks are bound to occur frequently, and we will begin to establish an open risk hedging mechanism and not put eggs in one basket. In the medium term, accelerate the reform of RMB regionalization and internationalization, promote the reform of balance of payments and foreign exchange reserve structure, promote the development of financial derivatives market and financial supervision, and promote regional monetary and financial cooperation. In the long run, the establishment of a global diversified investment portfolio will effectively guarantee the safety and efficiency of China's foreign financial assets; Form a regional super-sovereign reserve currency and monetary management institution; Enhance China's voice in world economic affairs and play a more important role in the process of improving the global governance structure.