Economics
China Extends Zhou’s Record 10-Year Tenure as Central Bank Chief
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China extended Zhou Xiaochuan’s record tenure as central bank governor, a signal the nation’s new leaders will deepen a shift toward making the financial system more market-driven.
The reappointment of Zhou, 65, was made at the National People’s Congress yesterday in Beijing as it approved a new economic team for Premier Li Keqiang, who replaced Wen Jiabao on March 15. The announcements didn’t disclose whether Zhou will remain the People’s Bank of China Communist Party secretary or if another official will take the post.