Three academics join China’s Monetary Policy Committee

chinese yuan

The People's Bank of China (PBoC) on Monday named three new members of its Monetary Policy Committee (MPC), all of whom are academics.

The trio - Zhou Qiren, Xia Bin and Li Daokui - are expected to replace Fan Gang, the only sitting academic, offering depth to committee as the central bank attempts to rein in asset bubbles following a significant credit expansion in the world's third-largest economy.

Zhou is an economics professor and head of the National School of Development at Peking

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