China appoints new central bank governor as economy flags
China replaced its central bank chief on Tuesday, state media said, as the world's second-largest economy struggles to revive flagging growth. Economist Pan Gongsheng will take the place of outgoing central bank governor Yi Gang, the official Xinhua News Agency said. Yi has headed the People's Bank of China (PBOC) since 2018 and has reached retirement age. The decision, made by Chine