China appoints PBoC deputy governor

The Chinese government has appointed Lu Lei as a deputy governor of the central bank, in its second such appointment within a short time.  

It also announced a further series of new appointments to senior positions at financial regulators. The personnel changes come as policy-makers attempt to deal with a property sector downturn and deflationary pressures. 

Lu, 53, replaces Liu Guoqiang, as a People’s Bank of China deputy governor, according to a government statement released on December 26. Liu

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