GOVERNOR CHEN REVEALS BEIJING’S BANKING PLANS
When China veered towards hyperinflation two years ago, Deng Xiapong called upon one of the toughest troubleshooters around: a 63-year-old lady named Chen Muhua.
Chen, governor of the People’s Bank of China, has succeeded in regaining control of her nation’s financial system, just as she succeeded at previous assignments: keeping Hanoi supplied with arms during the Vietnam War and implementing a one family, one child solution to Chinese overpopulation. And now she is striving to reshape China’s financial system into a more modern, market-oriented form.
Earlier this summer, Chen granted a unique, uncensored interview to Euromoney Editor Neil Osborn in Beijing.
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