Tag: Yi Gang

• Tuesday, May 26th 2020 - 07:44 UTC

  China central bank will further lower interest rates to help revive the economy

  

  China will strengthen its economic policy and continue efforts to lower interest rates on loans, central bank Governor Yi Gang said, reinforcing expectations of further support measures to revive an economy ravaged by the coronavirus pandemic.

• Monday, October 21st 2019 - 05:53 UTC

  Yuan at appropriate level says China, furious with IMF over quotas adjustments

  

  China's top central banker said on Saturday that potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market forces were keeping China's Yuan at an appropriate level.

• Thursday, February 14th 2019 - 10:22 UTC

  US/China trade talks take off in Beijing with much expectations

  

  United States and Chinese negotiators kicked off two days of official trade talks in Beijing on Thursday as the world's top two economies try to patch up their festering economic dispute. Pressure to seal an accord ahead of a March deadline lessened before the talks as US President Donald Trump indicated on Tuesday in Washington he was open to extending a trade truce, depending on progress in Beijing.

• Monday, March 19th 2018 - 08:52 UTC

  Next chief of China's central bank was educated in University of Illinois

  

  US-educated economist Yi Gang has been named the next governor of China's central bank, replacing Zhou Xiaochuan. Mr Yi joined the People's Bank of China (PBOC) 20 years ago and has been its deputy governor since 2008. His appointment is being seen as one of ensured continuity as Beijing continues to try and rein in growing debt and limit risky financial practices.