The surprise of the head of the central bank of China

According to Iran Economist, citing Economic, Chinese Prime Minister Li Qiang introduced Yi Gang as the chairman of the People’s Bank of China in a surprising move at the session of the 14th National People’s Congress of China.

Yi, who had reached retirement age, was expected to step down but was instead appointed to the Standing Committee of Beijing’s top political branch, the Chinese People’s Political Consultative Conference, and was allowed to remain in office despite his years of service.

Liu Kun retained his position as finance minister, and Wang Wentao will remain as commerce minister.