CHINA-ECONOMY
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China's State Council on June 15, 2015, announced the appointment of the following seven new members of the Central Bank Monetary Policy Committee: Deputy head of the National Development and Reform Commission (NDRC) Lian Weiliang; Vice Finance Minister Shi Yaobin; the People's Bank of China (PBOC) Assistant Governor Zhang Xiaohui; and head of China Banking Association Tian Guoli. The PBOC Monetary Policy Committee will continue to be chaired by PBOC Governor Zhou Xiaochuan. Replaced by the new appointees are: the former deputy head of the NDRC Zhu Zhixin; former PBOC vice governor Hu Xiaolian; former head of the National Bureau of Statistics Ma Jiantang; and Chairman of China Development Bank Hu Huaibang.
Economists Fan Gang, Huang Yiping and Bai Chongen also replace Qian Yingyi, Chen Yulu and Song Guoqing as expert advisers to the committee.
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