China’s central bank governor calls for economic prudence as his retirement nears

With the entire world likely facing long-term economic adjustments, China must keep its monetary policy stable and consistent to stay on the fast track to strategic development in a global race, according to the governor of the central bank.

Yi Gang, who is widely expected to step down soon as the People’s Bank of China (PBOC) governor, flagged some concerns on hot-button issues and offered advice in a recent article for the Journal of Economic Research.