Connect to share and comment

China c.bank chief gets top post, way clear to stay on

PlacardEnlarge
(Globalpost/GlobalPost)

BEIJING, March 11 (Reuters) - China's central bank governor, Zhou Xiaochuan, was elected as a deputy chairman of parliament's top advisory body on Monday, the government said, clearing the way for him to stay on as head of the People's Bank of China for the time being.

Zhou's election gives him "national-level leader" rank that would exempt him from compulsory retirement at 65, the age he reached in January.

Reuters reported last month that Zhou was set to keep his job. (Reporting by Ben Blanchard; editing by Jonathan Standing)

http://www.globalpost.com/dispatch/news/thomson-reuters/130311/china-cbank-chief-gets-top-post-way-clear-stay