According to online reports, at the 2025 Lujiazui Forum "Plenary Session 2: Enhancing the Coordination of Global Monetary Policy", 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, said that global monetary policies, including macroeconomic policies, were originally independent, and coordination was not needed, and coordination could not be achieved. However, since the beginning of this century, the global economic cycle and macroeconomic conditions have converged. The macroeconomic conditions of major countries also have an impact on other countries. Major countries with reserve currencies need to consider the global impact. At present, no institution is responsible for global macro-policy coordination and is in a "three noes" state, with no institutions, no tools, and no consensus.