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PBOC Promotes Zhang as Assistant Governor After Decade of Sweat

Zhang Xiaohui, director general of the monetary policy department at China’s central bank for a decade, has been promoted as an assistant governor.

Zhang has worked at the People’s Bank of China since 1987 and has been in charge of its most powerful unit since August 2004, drafting proposals about required reserve ratios and interest rate changes for the governor and State Council leaders to approve. The State Council, China’s cabinet, announced her promotion in a statement Friday.