Yi Gang makes People’s Congress debut as dilemmas grow
Governor says he sees smaller room for cutting reserve requirement ratios in 2019 but does not rule out the possibility
China’s central bank is facing a new dilemma as Chinese economic growth is slowing while the stock market begins to show signs of overheating. The central bank governor has pledged to spur loans while “not changing the prudent monetary policy”.
Yi Gang, governor of the People’s Bank of China (PBoC) – successor to “Mr Renminbi” Zhou Xiaochuan – made his debut press conference on Sunday (March 10) during China’s annual National People’s Congress in Beijing. Adding to premier Li Keqiang’s plan of
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