Bloomberg have a piece up on what they think may be the imminent retirement of PBCO Governor Zhou
They outline "the most pressing tasks that will be on the new chief's docket from day one"
On the yuan ...
- Managing China's massive capital inflows and outflows, and their effect on the yuan, complicates PBOC efforts to regulate the amount and price of liquidity in the market.
- It's a task they may ultimately be glad to be rid of, but for now heading toward a freer-floating yuan is something that the next governor is likely to continue.
