China Names New Central Bank Deputy Governor To Replace IMF’s Zhu Min

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China’s State Council has appointed Zhang Tao as deputy governor of the country’s central bank, according to an official announcement on its website today.

The appointment is to prepare for Zhang Tao to replace Zhu Min as the deputy managing director of the International Monetary Fund in July, says Caixin Media.

China Money Network

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Nina Xiang is the co-founder and managing editor overseeing editorial content and product development at CMN. Before founding CMN in 2011, Nina worked at BusinessWeek magazine in Beijing and Institutional Investor magazine in New York, writing about business and financial services. While in New York, she also served as part-time correspondent for Shanghai's financial television channel, China Business Network, as well as China Radio International, China's national English-language radio network.