Xi Shuffles PBoC Functionaries As Yuan Slides, Stocks Struggle
Yi Gang is a lame duck.
China this weekend named SAFE frontman and "three red lines" architect Pan Gongsheng as PBoC party chief, setting the stage for a reconstitution of the dual-role setup at the central bank, wherein the same person is Party secretary and governor.
If that sounds like Chinese to you, I'll translate: Yi won't be PBoC governor for much longer.
This wasn't a complete surprise. He was left off the new Central Committee roster in October, when Xi Jinping further consolidated p
Yes, but did Mr. Pan pee on the Dude’s rug?
Thank God. I was beginning to think nobody got it.
Everything’s fine until new information comes to light.