China's central bank, PBOC, appoints new members to its Monetary Policy Committee.
China's central bank, PBOC, has appointed new members to its Monetary Policy Committee: Wu Qing (CSRC head), Xuan Changneng (vice central bank chief), Huang Yiping (Peking University), and Huang Haizhou (Tsinghua University). The committee, which meets quarterly, has limited influence, and recent central bank shake-ups have diminished its regulatory powers, requiring cabinet approval for key changes in interest rates and yuan value.
March 20, 2024
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