China’s Shanghai Composite stock index was trading flat Monday morning following the news. China’s central bank — like the US Federal Reserve — plays a key role in the smooth running of the country’s economy.…
Tagged By news
China appoints US-trained central banker
BEIJING – A U.S.-trained economist was appointed Monday to succeed the longtime governor of China’s central bank, Zhou Xiaochuan, at a time when the ruling Communist Party is trying to reduce financial risks and surging…
China’s ‘silver fox’ foreign minister promoted
BEIJING (Reuters) – Chinese Foreign Minister Wang Yi retained his job and was also promoted to a state councillor on Monday, meaning he now has the country’s two top diplomat roles, in a vote of…
China elects key economic team, Xi confidante Liu He named a vice premier
With Yi’s background and his reputation of being pro-reform, his nomination would be good news for foreign investors, Xie also said. Zhou, 70, who is China’s longest-running central bank head, having taken the job in…
US-educated Yi Gang becomes head of China’s central bank
US-educated economist Yi Gang has been named the next governor of China’s central bank, replacing Zhou Xiaochuan. Mr Yi joined the People’s Bank of China (PBOC) 20 years ago and has been its deputy governor…
China’s next economic czar: Harvard-trained Xi adviser
But he has no experience fighting the bureaucratic battles the post can require. (AP Photo/Markus Schreiber, File) BEIJING/March 18, 2018 (AP)(STL.News) —China’s next economy czar is a Harvard-trained supporter of free markets who is President…
Beijing city guide: what to see and where to stay in the Chinese capital
China’s capital is full of history – from the unmarked spot on Tiananmen square (see marker 1 on map, below) where a protester faced down military tanks, to its 14th-century imperial palaces. But Beijing is…
China promoting foreign minister as state councilor
Wei Fenghe, who already sits on the Central Military Commission which runs China’s armed forces, has been nominated for defense minister, while Chen Wenqing will retain his job as minister of state security. The list…
China’s propaganda machine kicks into overdrive after Xi Jinping’s re-election
BEIJING, March 18 (Reuters) – With pictures of ecstatic citizens standing in applause, tearful legislators and even a social media game, China‘s propaganda drive has kicked into high gear following Xi Jinping‘s unanimous reappointment as…
Xi’s trusted ‘firefighter’ lieutenant becomes China’s vice president
China’s relationship with the United States is likely to be … Protocol at major political events, including seating arrangements and the order in which leaders are shown in state news bulletins, are tightly choreographed to…
Beijing snowfall hailed as ‘auspicious’ … but it’s man-made
Beijing’s downtown area saw its first snow of the winter on Saturday morning, after a 145-day dry spell in the capital. For one government minister it was an auspicious sign as it coincided with lawmakers…
Beijing ‘strongly dissatisfied’ as Trump signs Taiwan Travel Act
US President Donald Trump on Saturday defied a warning from Beijing and signed a measure allowing American officials to step up exchanges with Taiwan, a move analysts said will strain already tense Sino-US relations. Trump’s…
China anti-corruption chief Wang Qishan named Xi Jinping’s deputy
China’s parliament has endorsed Xi Jinping for a second term … Hua Po, an independent Chinese political commentator, told AFP news agency his appointment may be to allow Mr Wang and Mr Xi to combat…
