China keeps Yi Gang as central bank chief in surprise move

Sanctioned general Li Shangfu named defense minister amid high U.S. tensions

2023-03-03T043432Z_1984965410_RC23MZ9RF8BM_RTRMADP_3_CHINA-ECONOMY-CENBANK.JPG

People's Bank of China (PBOC) Governor Yi Gang speaks at a news conference in Beijing on March 3. © Reuters

CK TAN, Nikkei staff writer

BEIJING -- China kept its current central bank governor and finance minister in a surprise move at the country's annual parliament on Sunday, alongside a slate of trusted lieutenants installed for President Xi Jinping's third term.

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