Finance & economics | Free exchange

Is China better at monetary policy than America?

The country’s last technocrat offers a few provocative thoughts

When china’s leaders reappointed Yi Gang as governor of the country’s central bank in March, it was a pleasant surprise. With an economics phd from America, where he also taught, Mr Yi is the kind of reform-minded, well-travelled technocrat that is disappearing from China’s policymaking establishment.

This article appeared in the Finance & economics section of the print edition under the headline “The last technocrat”

From the April 22nd 2023 edition

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