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Building a modern central banking system to contribute to Chinese modernization

· Yi Gang, Governor of the People's Bank of China (China)

Summary written by Dark Majestic in its own words · topics: development and emerging economies, labour markets and jobs

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· Yi Gang Wiki · People's Bank of China WikiBuilding a modern central banking system to contribute to Chinese modernization

ContextSpeech at the 2023 annual conference of the China Society for Finance and Banking; the People's Bank of China conducts monetary policy and is modernising its institutional system.

Why it mattersYi Gang presents plans to modernise China's central banking system.

Problems raised
  1. China must pursue high-quality development.
  2. Employment needs support.
  3. Central banking must modernise.
Solutions proposed
  1. Build a modern central banking system.
  2. Implement employment-first strategy.
  3. Cooperate with Hong Kong.
Read full speech on bis.org ↗

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