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Yi Gang

The latest news on Yi Gang, Chinese economist and former governor of the People's Bank of China, including Chinese politics news.

Born

5 Mar 1958

Industry

Business

Job Title

Former Governor, People's Bank of China

Smoke and flames rise at the site of air strikes on an oil depot in Tehran, capital of Iran, on March 7. Photo: TNS

US, Israel war on Iran

How long will US-Israel war on Iran last? Chinese analysts offer clues

Iran’s drones gaining edge as opponents burn through costly missiles, analysts note, as one labels the war a ‘serious mistake’ by US.

20 Mar 2026 - 6:00AMvideocam

US military

A troubled US warship is moving away from Iran. Does it reflect bigger problems?

19 Mar 2026 - 6:00PM

China's military weapons

Could PLA’s new shipborne drone redefine South China Sea naval operations?

15 Mar 2026 - 10:00PM

Two Sessions 2026

Stability comes first: Chinese defence chief signals Beijing’s strategic caution

Dong Jun’s remarks stressing prudence as Xi-Trump summit looms and amid Iran war suggest no military action on Taiwan for now, analysts say.

10 Mar 2026 - 8:05PMvideocam

Dong Jun has served as China’s defence minister since December 2023. Photo: Reuters

China-Middle East relations

Iran attack a ‘wake-up call’ for China on electronic warfare and intelligence

Retired PLA colonel urges China to watch out for ‘internal infiltration and intelligence leaks’ and boost ‘security around critical targets’.

2 Mar 2026 - 10:36PMvideocam

China-Middle East relations

Is China flexing its intelligence muscle by tracking US military moves near Iran?

Unusually detailed posts by commercial firm MizarVision about America’s deployments in the Middle East are grabbing attention.

27 Feb 2026 - 4:44PMvideocam

China's military weapons

Why the growing network of American MQ-9 drones is a challenge for China

Reapers can carry out both reconnaissance and strike missions and an increasing number of US allies and partners are buying them.

16 Feb 2026 - 10:00PM

The MQ-9 Reaper has been deployed as part of the US military’s surveillance network in the Indo-Pacific. Photo: Reuters

US-China relations

US establishes new army foothold in Southeast Asia to ‘contain China’: analyst

US deploys new rotational force to Southeast Asian ally, a move experts say is aimed at deterring China and supporting Typhon missile system.

12 Feb 2026 - 6:51PM

China’s military drills

PLA urged to find a way to operate effectively under the gaze of US and Japan

Analysts say that after rapid response to latest drills around Taiwan, military must move away from emphasis on trying to avoid detection.

19 Jan 2026 - 6:00PMvideocam

China-Latin America relations

Will Beijing look to US capture of Nicolas Maduro for lessons on Taiwan?

Analysts say US operation should serve as warning to separatist forces in Taiwan following PLA drills targeting the island’s leadership.

4 Jan 2026 - 9:01PMvideocam

A firefighter walks past a destroyed anti-aircraft unit at La Carlota military base in Caracas following a US strike that captured Venezuelan leader Nicolas Maduro on Saturday. Photo: Reuters

China’s navy

US Navy aircraft crashes offer lessons for PLA carrier operations, analysts say

Chinese military could learn from rival’s strengths in search and rescue response, but also its weaknesses in maintenance and training.

2 Jan 2026 - 5:00PMvideocam

Two US Navy aircraft based on the USS Nimitz crashed into the South China Sea within half an hour of each other in October. Photo: Handout

China's military weapons

Is China quietly preparing cargo ships to transform into military vessels?

Containers bear the words ‘plan for the maritime revival of the Chinese nation and the community of shared future for mankind in the ocean’.

26 Dec 2025 - 9:06PMvideocam

China’s Communist Party

China’s former central bank chief loses leadership role in top advisory body

Decision affecting Yi Gang and nine other former senior officials made amid Beijing’s continuing anti-corruption campaign.

3 Nov 2025 - 5:59PM

China’s military

China ‘showed integrated combat capabilities in locking on US fifth-gen jets’

A PLA J-16 fighter reportedly chased away two foreign planes– believed to be US F-22s – from its air defence identification zone last year.

17 Oct 2025 - 6:24PMvideocam

A Chinese J-16 fighter. The PLA has been replacing its ageing J-7 fighter fleet with advanced J-10C and J-16 multi-role warplanes. Photo: Handout

China's military weapons

What did 3 new PLA units at WWII parade say about China’s hi-tech war plans?

Showcasing new branches signals China’s push to reshape combat strategy by integrating advanced tech for joint operations, analysts say.

7 Sep 2025 - 6:00AMvideocam

A PLA Cyberspace Force formation takes part in the military parade in Beijing on Wednesday to mark the 80th anniversary of victory in the “Chinese people’s war of resistance against Japanese aggression and the world anti-fascist war”. Photo: Xinhua

US-China relations

My Take | How will China fight a new trade war under Trump 2.0?

With hindsight from Trump’s first term, Beijing could adopt a different approach this time around.

10 Dec 2024 - 7:00AM

China trade

‘Never a good choice’: China’s retaliation for US curbs may be just starting

An expected escalation of the US-China trade war, and the Chinese public’s demand for a response, could light a fire under Beijing’s policymakers, former PBOC head says.

4 Dec 2024 - 7:59PM

China's economic recovery

China must act to avoid crisis, former Japanese central banker warns

Former central bank governors have raised the alarm over deflation and slowdown, both of which were symptoms in Japan’s ‘lost decades’.

6 Sep 2024 - 10:58PMvideocam

Haruhiko Kuroda, former governor of the Bank of Japan, is among the voices cautioning China over its deflation and low consumer confidence. Photo: Bloomberg

China's economic recovery

China’s AI gains will fuel economy as windfall swells into trillions: McKinsey

It’s been one year since the public release of ChatGPT, kick-starting an AI race that is commanding vast resources by Chinese firms looking to cash in on ‘frontier tech’.

29 Nov 2023 - 6:00AM

China digital currency

China’s digital yuan ‘at forefront globally’, ex-central bank governor says

Former central bank governor Yi Gang gave two recent lectures of his tenure in Beijing and Singapore, saying China’s digital yuan could facilitate a wide range of domestic retail payments, including by foreign visitors, while it also has overseas use.

4 Aug 2023 - 11:00PM

Banking & finance

China names new central bank governor as twice-a-decade finance conference nears

Analysts say Pan Gongsheng’s many years of experience at the People’s Bank of China give him a critically important vantage point from which to tackle financial risks and shore up economic growth.

26 Oct 2023 - 6:13PMvideocam

Pan Gongsheng has been named governor of the People’s Bank of China. Photo: Reuters

Yuan

China’s yuan to stay flexible, but Beijing downplays West’s devaluation concerns

Authorities use down-to-Earth language to ease minds and shore up markets at a time when the economy is sputtering and the yuan has again dropped below the key psychological point of 7.0 against the US dollar.

14 Jul 2023 - 10:30PMvideocam

The yuan has dropped below the key psychological point of 7.0 against the US dollar for the fourth time since 2019. Photo: Shutterstock

China's economic recovery

China’s retiring central bank governor Yi Gang calls for economic prudence

The People’s Bank of China’s Yi Gang and his analyses on hot-button issues featured prominently in an article for the Journal of Economic Research ahead of his expected retirement.

14 Jul 2023 - 10:00AMvideocam

Banking & finance

China’s central bank chief signals phasing out currency intervention

People’s Bank of China Governor Yi Gang also said the bank will seek to guide monetary policy so that real interest rates move slightly below the potential growth rate.

16 Apr 2023 - 7:21AMvideocam

Banking & finance

China’s top banker blames rate hikes by Western nations for global instability

People’s Bank of China Governor Yi Gang addresses finance ministers in Washington in first trip to US capitol by a senior Chinese economic official since pandemic.

15 Apr 2023 - 5:31AMvideocam

People’s Bank of China Governor Yi Gang attended a meeting of finance ministers in Washington on Friday. Photo: Reuters

Banking & finance

Chinese regulator mulls use of AI chatbots in financial regulation

Lu Lei, deputy head of the State Administration of Foreign Exchange, says technology like ChatGPT, an AI chatbot, could be used to study financial issues and inform monetary policy.

7 Apr 2023 - 5:20AMvideocam

Lu Lei, deputy head of the State Administration of Foreign Exchange, says generative AI could be used to study financial issues. Photo: Weibo

Banking & finance

Explainer | Who is Yi Gang, the US-educated governor of China’s central bank?

Since being appointed central bank governor in 2018, US-educated Yi Gang has led financial reforms and a debt reduction campaign, while maintaining a prudent monetary stance.

14 Mar 2023 - 9:32AMvideocam

Yuan

Yuan to ‘show good investment value’ as economy recovers, US rate gap narrows

Central bank deputy governor Pan Gongsheng said that as China’s economy recovers and the interest rate differential with the US stabilises, the yuan’s role as a safe-haven asset will become more prominent.

3 Mar 2023 - 6:00PM

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Yi Gang

How long will US-Israel war on Iran last? Chinese analysts offer clues

Iran’s drones gaining edge as opponents burn through costly missiles, analysts note, as one labels the war a ‘serious mistake’ by US.

A troubled US warship is moving away from Iran. Does it reflect bigger problems?

Could PLA’s new shipborne drone redefine South China Sea naval operations?

Stability comes first: Chinese defence chief signals Beijing’s strategic caution

Dong Jun’s remarks stressing prudence as Xi-Trump summit looms and amid Iran war suggest no military action on Taiwan for now, analysts say.

Iran attack a ‘wake-up call’ for China on electronic warfare and intelligence

Retired PLA colonel urges China to watch out for ‘internal infiltration and intelligence leaks’ and boost ‘security around critical targets’.

Is China flexing its intelligence muscle by tracking US military moves near Iran?

Unusually detailed posts by commercial firm MizarVision about America’s deployments in the Middle East are grabbing attention.

Why the growing network of American MQ-9 drones is a challenge for China

Reapers can carry out both reconnaissance and strike missions and an increasing number of US allies and partners are buying them.

US establishes new army foothold in Southeast Asia to ‘contain China’: analyst

US deploys new rotational force to Southeast Asian ally, a move experts say is aimed at deterring China and supporting Typhon missile system.

PLA urged to find a way to operate effectively under the gaze of US and Japan

Analysts say that after rapid response to latest drills around Taiwan, military must move away from emphasis on trying to avoid detection.

Will Beijing look to US capture of Nicolas Maduro for lessons on Taiwan?

Analysts say US operation should serve as warning to separatist forces in Taiwan following PLA drills targeting the island’s leadership.

US Navy aircraft crashes offer lessons for PLA carrier operations, analysts say

Chinese military could learn from rival’s strengths in search and rescue response, but also its weaknesses in maintenance and training.

Is China quietly preparing cargo ships to transform into military vessels?

Containers bear the words ‘plan for the maritime revival of the Chinese nation and the community of shared future for mankind in the ocean’.

China’s former central bank chief loses leadership role in top advisory body

Decision affecting Yi Gang and nine other former senior officials made amid Beijing’s continuing anti-corruption campaign.

China ‘showed integrated combat capabilities in locking on US fifth-gen jets’

A PLA J-16 fighter reportedly chased away two foreign planes– believed to be US F-22s – from its air defence identification zone last year.

What did 3 new PLA units at WWII parade say about China’s hi-tech war plans?

Showcasing new branches signals China’s push to reshape combat strategy by integrating advanced tech for joint operations, analysts say.

.css-1pcrwvc{color:#2aa191;}My Take | How will China fight a new trade war under Trump 2.0?

With hindsight from Trump’s first term, Beijing could adopt a different approach this time around.

‘Never a good choice’: China’s retaliation for US curbs may be just starting

An expected escalation of the US-China trade war, and the Chinese public’s demand for a response, could light a fire under Beijing’s policymakers, former PBOC head says.

China must act to avoid crisis, former Japanese central banker warns

Former central bank governors have raised the alarm over deflation and slowdown, both of which were symptoms in Japan’s ‘lost decades’.

China’s AI gains will fuel economy as windfall swells into trillions: McKinsey

It’s been one year since the public release of ChatGPT, kick-starting an AI race that is commanding vast resources by Chinese firms looking to cash in on ‘frontier tech’.

China’s digital yuan ‘at forefront globally’, ex-central bank governor says

Former central bank governor Yi Gang gave two recent lectures of his tenure in Beijing and Singapore, saying China’s digital yuan could facilitate a wide range of domestic retail payments, including by foreign visitors, while it also has overseas use.

China names new central bank governor as twice-a-decade finance conference nears

Analysts say Pan Gongsheng’s many years of experience at the People’s Bank of China give him a critically important vantage point from which to tackle financial risks and shore up economic growth.

China’s yuan to stay flexible, but Beijing downplays West’s devaluation concerns

Authorities use down-to-Earth language to ease minds and shore up markets at a time when the economy is sputtering and the yuan has again dropped below the key psychological point of 7.0 against the US dollar.

China’s retiring central bank governor Yi Gang calls for economic prudence

The People’s Bank of China’s Yi Gang and his analyses on hot-button issues featured prominently in an article for the Journal of Economic Research ahead of his expected retirement.

China’s central bank chief signals phasing out currency intervention

People’s Bank of China Governor Yi Gang also said the bank will seek to guide monetary policy so that real interest rates move slightly below the potential growth rate.

China’s top banker blames rate hikes by Western nations for global instability

People’s Bank of China Governor Yi Gang addresses finance ministers in Washington in first trip to US capitol by a senior Chinese economic official since pandemic.

Chinese regulator mulls use of AI chatbots in financial regulation

Lu Lei, deputy head of the State Administration of Foreign Exchange, says technology like ChatGPT, an AI chatbot, could be used to study financial issues and inform monetary policy.

.css-19im5qg{color:#c79a00;}Explainer | Who is Yi Gang, the US-educated governor of China’s central bank?

Since being appointed central bank governor in 2018, US-educated Yi Gang has led financial reforms and a debt reduction campaign, while maintaining a prudent monetary stance.

Yuan to ‘show good investment value’ as economy recovers, US rate gap narrows

Central bank deputy governor Pan Gongsheng said that as China’s economy recovers and the interest rate differential with the US stabilises, the yuan’s role as a safe-haven asset will become more prominent.

My Take | How will China fight a new trade war under Trump 2.0?

Explainer | Who is Yi Gang, the US-educated governor of China’s central bank?