China’s central bank governor Zhou Xiaochuan will continue to stay in his position even though he was excluded from the nation’s top governing body and has hit the legal retirement age of 65, South China Morning Post reported. The nation’s leaders agreed that Zhou, who has led the People’s Bank of China for 10 years, should retain his post for perhaps up to two more years to ensure continuity in policy, sources said this week. The step is unusual as he was not elected a member of the Communist Party’s Central Committee, a position which normally predicates the appointment to the post at the central bank.
Categories