China unexpectedly retains central bank chief, finance minister

Beijing opts for a measure of continuity in core policymaking positions as the world’s second-largest economy faces stiff challenges at home and abroad

China kept its central bank governor and finance minister in their posts on Sunday, an unexpected move at the annual session of the rubber-stamp parliament, during which they had been expected to be replaced.

Yi Gang, 65, was approved by the National People’s Congress to remain governor of the People’s Bank of China and Liu Kun, 66, to stay on as finance minister. “The global economic outlook is challenging. Continuity and stability in the leadership of economic and financial affairs are helpful to boost market confidence,” Zhang said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

globeandmail /  🏆 5. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Beijing air quality plummets amid dust storm, pollutionSkyscrapers in Beijing disappeared into the haze and air quality plummeted as China's capital was enveloped in a dust storm and heavy pollution on Friday.
Read more »

Toronto MPP Vincent Ke resigns from PC caucus after media report alleges ties to BeijingDon Valley North MPP Vincent Ke resigned hours after his name was made public in a Global News report that cited unnamed sources alleging ties to Beijing.
Read more »

Beijing-friendly Liberal politician calls for public inquiry into 'unlawful' CSISCritics of Beijing say Chan’s statement on CSIS comes amid an effort to foster an aura of racism around the foreign\u002Dinterference issue
Read more »

Beijing-friendly Liberal politician calls for public inquiry into 'unlawful' CSISCritics of Beijing say Chan’s statement on CSIS comes amid an effort to foster an aura of racism around the foreign\u002Dinterference issue
Read more »

Beijing-friendly Liberal politician calls for public inquiry into 'unlawful' CSISCritics of Beijing say Chan’s statement on CSIS comes amid an effort to foster an aura of racism around the foreign\u002Dinterference issue
Read more »

China condemns Japanese plan to release Fukushima waterBEIJING (AP) — China on Friday condemned a Japanese plan to release treated radioactive wastewater from the damaged Fukushima nuclear plant into the sea,…
Read more »