China named Pan Gongsheng as governor of the central bank, strengthening his position as head of the institution tasked with boosting the world’s second-largest economy.
Pan, 60, was appointed by the National People’s Congress Standing Committee on Tuesday, replacing Yi Gang, who reached the official retirement age of 65, according to state media. A former deputy at the People’s Bank of China, Pan had already been named the Communist Party’s secretary at the PBOC this month, putting him in one of the bank’s two top slots.
Read More : China Taps Pan Gongsheng as New Central Bank Governor to Boost Economic Recovery