China is lining up a Harvard-trained economist as its next central bank chief | CNN Business

Pan Gongsheng was appointed Saturday as the new Communist Party chief at the People’s Bank of China , in a surprise move as Beijing bolsters its drive to arrest the country’s economic slowdown and stem a slide in its currency. The announcement came just days before US Treasury Secretary Janet Yellen is expected to visit Beijing, and follows a series of downbeat economic data that has sent the yuan tumbling towards levels last seen 15 years ago.

Yellen will travel to Beijing later this week as part of ongoing efforts by the Biden administration to deepen communication between the United States and China, the Treasury Department announced Sunday evening. A seasoned financial regulator with some training in the West, Pan received his doctorate in economics from the Renmin University of China in 1993.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

What SCOTUS’ affirmative action ruling could mean for DEI and the business of corporate wokenessThe Supreme Court struck down affirmative action programs at Harvard University and the University of North Carolina Thursday, ruling that both institutions violated the 14th Amendment as well as f…
Source: nypost - 🏆 91. / 67 Read more »

Harvard Business Review - The LatestFind new ideas and classic advice on strategy, innovation and leadership, for global leaders from the world's best business and management experts.
Source: HarvardBiz - 🏆 310. / 63 Read more »