China’s central banker Zhou to step down

Having reached the state's official retirement age, China's longest-serving central bank governor will leave his position next month.
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Zhou Xiaochuan with Timothy Geithner, head of the US Treasury
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<div style="text-align: left;"> Zhou Xiaochuan with Timothy Geithner, head of the US Treasury </div>

Zhou Xiaochuan, head of China’s central bank, will step down from his post next month after a decade’s work overseeing the monetary system of a superpower-in-the-making and the balance sheet of the world’s most liquid financial institution the Chinese government.

Although Zhou is not a member of the country’s top decision-making body, the Communist Party’s Politburo Standing Committee, he is a vocal advocate on important monetary issues that are vital for China’s pursuit of sustainable development and global economic leadership.

The legitimate reason behind his withdrawal from the official post is simple he has just turned to the retirement age of 65 for ministers in China. Zhou,...

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