Economics

U.S.-Trained Technocrat, Not a Powerbroker, Will Lead China’s Central Bank

  • Yi Gang needs Liu He’s backing to be effective, analyst says
  • Longtime deputy practiced tai chi and rode Beijing metro
Yi Gang Is Confirmed as PBOC Governor
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Yi Gang boasts more policy know-how than political heft as he takes the helm of the People’s Bank of China.

Confirmed Monday as successor to his long-time boss Zhou Xiaochuan, the 60-year-old Yi boasts more than two decades of experience in the central bank he will now run.