Economics
China Names New PBOC Policy Committee Members Focused on Jobs
- Cai Fang, Wang Yiming appointed to panel as expert members
- PBOC is seeking to rein in stimulus to curb debt risks
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China appointed two new economists to its central bank monetary policy committee with expertise in the labor market and population, suggesting an increased focus on boosting jobs and household incomes.
Cai Fang, a well-known economist at the government-linked Chinese Academy of Social Sciences, and Wang Yiming, a former deputy director of the Development Research Center of the State Council, will join the People’s Bank of China’s policy making committee, according to a government statement released Saturday.