Businessweek reports that new financially sophisticated leaders are being promoted to higher positions in China
Zhou Xiaochuan, currently head of the People’s Bank of China. The former economics professor and fluent English-speaker is a strong contender for vice-premier in charge of finance. One of China’s most sophisticated economic minds, he can hold his own with the likes of Alan Greenspan, Ben S. Bernanke, and other central bankers. He has already grappled with intransigent rivals opposed to his campaign to clean up China’s notoriously shifty equity markets: His drive to crack down on stock manipulators earned him the nickname “The Flayer.” He shares major responsibility for opening China’s financial sector to big Western banks and brokerages.
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