ChainCatcher message, at the 2025 Lujiazui Forum "Plenary Session II: Enhancing the Coordination of Global Monetary Policies", Zhou Xiaochuan, Vice Chairman of the 12th National Committee of the Chinese People's Political Consultative Conference and former Governor of the People's Bank of China, stated that global monetary policy, including macroeconomic policy, has traditionally been independent and did not require coordination, nor could it be coordinated.

However, since the beginning of this century, global economic cycles and macroeconomic conditions have converged, and the macroeconomic status of major countries has an impact on others. Major reserve currency countries need to consider global impacts. Currently, there is no institution responsible for global macro policy coordination, existing in a "three-none" state: no institution, no tools, no consensus.