ChainCatcher reported that Zhou Xiaochuan, Vice Chairman of the Boao Forum for Asia and former Governor of the People's Bank of China, published a New Year's Outlook, pointing out that the world will face four major changes in 2025: continued turbulence in the international environment, increased uncertainty in the recovery of the world economy, opportunities and challenges brought by the rapid development of AI technology, and intensified climate change crisis. At the same time, he emphasized three unchanging trends: the continued growth of the global South, Asia's promotion of inclusive economic globalization, and China's deepening reform and opening up.

Zhou Xiaochuan mentioned that global public debt is about to exceed 100 trillion US dollars, which will increase the external financing costs and exchange rate depreciation pressure of emerging markets and developing countries, and debt will bring challenges to the fiscal sustainability of developed countries. We need to be vigilant about the impact of digital crypto assets on global financial stability and financial security.