Pan Gongsheng: China throws a surprise by appointing him as the Central Bank's Chief | Oneindia News
Video Credit: Oneindia - Duration: 02:41s - Published
Pan Gongsheng: China throws a surprise by appointing him as the Central Bank's Chief | Oneindia News
Pan Gongsheng has been named the new governor of the People’s Bank of China.
The appointment of Gongsheng was approved yesterday at a meeting of the Standing Committee of the National People’s Congress, China’s top legislature.
His appointment comes at a time when China’s below-expectation growth rate of 6.3 % in the April-June quarter has rattled its top leaders.
The 25-member Politburo of China, comprising key decision makers of the Communist Party, finally acknowledged recently that weak domestic demand, unemployment, operational complexities in several companies…along with high risks in key sectors are some of the challenges that Beijing is currently facing.
His appointment also comes shortly after he was installed as the Communist Party chief of the PBOC earlier this month, a surprise move that analysts said had highlighted Beijing’s urgency to bolster the country’s slowing economy and stem the yuan’s slide.
So, will this man be able to help China tide over its economic downturn?
In a stunning turn of events, Syrian rebels stormed the capital city of Damascus and seized control of key locations, including the Central Bank. In a shocking video, rebel fighters are seen securing boxes of cash while stopping looters in the aftermath of their lightning offensive. This moment marks a major turning point in the Syrian civil war, as rebel forces push the Assad regime to the brink. Watch the dramatic scenes unfold as the fate of Syria hangs in the balance.
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In an engaging conversation with OneIndia's Akash Kolluru, veteran journalist Rajdeep Sardesai delves into the intertwined history of media and politics, highlighting how leaders like Indira Gandhi and Congress utilized media for influence. He praises Chandrababu Naidu as a visionary for Andhra Pradesh and commends Pawan Kalyan's growing political acumen. Sardesai also notes a striking trend—leaders who leave Congress often thrive, with nine former CMs being notable examples last year. Insightful and thought-provoking, this interview unravels the dynamics of Indian politics. Watch the Full Interview on Oneindia Soon
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