Ready or not, the PBOC is morphing into the Fed of Asia. Yi Gang must act quickly to ensure China’s most vital institution is ready for prime time. Illustration: Craig Stephens

Globalisation of the People’s Bank of China puts pressure on Yi Gang as the world watches his every policy move

William Pesek says hopes that Yi Gang, the new People’s Bank of China governor, can introduce reforms slowly may be unrealistic as China’s economic policies take on greater importance globally

Topic |   Bank of China

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Ready or not, the PBOC is morphing into the Fed of Asia. Yi Gang must act quickly to ensure China’s most vital institution is ready for prime time. Illustration: Craig Stephens
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