From Breakingviews - China plays it safe with new central bank chief
The appointment of Pan, who has since 2015 also run the State Administration of Foreign Exchange , is a surprise. Despite turning 60 this year and being relatively young for retirement, he was not seen as climbing up the ladder of power. In fact, last October he lost his status as a non-voting "alternate member" of the Chinese communist party’s powerful Central Committee during a leadership reshuffle.
But an internal promotion is probably better than parachuting in a less experienced provincial official. Compared to outgoing Governor Yi Gang, who spent 14 years studying and teaching in the United States, Pan has only a short stint at Cambridge and Harvard as a postdoctoral and research fellow. Still, having worked at the Agricultural Bank of China
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