China retains Yi as central bank governor in surprise move

China retained several of its top economic officials in a surprise move that points to political stability as Beijing looks to boost investor confidence and steer the nation’s post-Covid recovery.

Yi Gang, 65, will remain as governor of the People’s Bank of China, while Liu Kun and Wang Wentao will also remain as finance and commerce ministers respectively. The National People’s Congress – the annual parliamentary assembly – approved the appointments on Sunday.

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