In that analogy, Mr. Guo will essentially become the chairman of China’s central bank while Mr. Yi, as governor, will act like a chief executive. Mr. Yi gave a speech and took questions from the audience at the conference in the early afternoon but did not mention Mr. Guo. Mr. Yi, explaining himself clearly in terms that frequently hinted at his background as an economics professor, said that the opening would continue. Mr. Yi speaks excellent English and will now play the role of China’s monetary policy statesman to the world. But adding Mr. Guo as party secretary means that an influential and strongly pro-reform voice will represent the central bank in interagency debates in Beijing, even when Mr. Yi is out of the country.

Source: New York Times March 25, 2018 08:32 UTC