China names reform-minded Yi Gang to lead central bank

US-educated Yi Gang, a reform-minded deputy governor of the People's Bank of China, was nominated on Monday to take over the reins of the central bank. Yi, who taught at Indiana University before returning to China, was the only nominee for the governor post ahead of a vote by the rubber-stamp National People's Congress later Monday. Another American-educated official, President Xi Jinping's top economic adviser Liu He, was nominated for a position as vice premier.

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