More on this:China may replace central bank chief with someone in favor of more stimulus
Again from the Wall Street Journal (ungated):
“Longtime China expert Nicholas Lardy, a senior fellow at the Washington-based Peterson Institute for International Economics”:
- Don’t expect any major changes to China’s monetary policy if the country’s central bank chief, Gov. Zhou Xiaochuan, is replaced in the coming months
- “I’d be a little surprised if he moves out now given the hoops they jumped through to get him reappointed 18 months ago, creating a special position for him that allowed him to escape the age restriction under Chinese rules.”
- “Guo Shuqing is cut from the same cloth. If it’s really a deep division over policy, why are they bringing in somebody like Guo Shuqing? He’s been a very strong reformer… I think of him as being as generally favoring the same kind of approach to economic reform that Governor Zhou favors.”
