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People's Bank Of China Is Running Without A Governor
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The New Governor of the Pboc
The new acting governor of the PBOC, Pan Gongshang, is essentially a figurehead without real power./nPan Gongshang was dropped from the standing committee and remains excluded from the communist party's coveted club, despite his position as head of the central bank./nThe real decision-making power lies with the vice premier and premier./nThe PBOC is now a voiceless and controlled order execution machine./nPan Gongshang blindly follows the party line and does not have any real policy power./nThe future direction of the PBOC cannot be determined by looking at Pan Gongshang.
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