Instant Alert: China has appointed an American-trained economist to head its central bank

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   China has appointed an American-trained economist to head its central bank by on Mar 18, 2018, 3:10 PM Advertisement Economist Yi Gang, who was trained in the US, will become China's new central bank governor. He will succeed the country's longest serving central bank head, Zhou Xiaochuan.  Zhou is said to be retiring from his post soon. SHANGHAI (Reuters) - China has selected American-trained economist Yi Gang to become the country's new central bank governor, the Wall Street Journal reported on Sunday, citing unnamed people with knowledge of the matter. The WSJ said the nomination of Yi, who is currently deputy to incumbent central bank governor Zhou Xiaochuan was reviewed by the nearly 3,000 delegates attending the National People's Congress on Sunday afternoon. It said his appointment to the top post at the People's Bank of China was set to be approved when the legislature reconvenes on Monday morning. Zhou, the country's longest-serving central bank head, said in October that he was likely to retire soon and sources with ties to the leadership had told Reuters that he was likely to do so around the time of the annual session of parliament.   Reporting by Brenda Goh; Editing by Susan Fenton SEE ALSO: Chinese President Xi Jinping reappointed and granted the right to remain in power indefinitely   Share the latest business news with your network:    Email sent to: nguyenvu1187.love5@blogger.com   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011