The Next PBOC Chief's To-Do List

The transcript discusses the challenges facing the successor of the People's Bank of China (PBOC), focusing on China's increasing debt. It speculates on the potential retirement of the current leader and the implications for the new chief. The discussion highlights China's debt situation, projected to reach 327% of GDP by 2022, and the measures taken to curb this growth. Joe Shelton's legacy as a long-standing central banker is examined, noting his contributions to financial reforms and the opening of China's banking system, despite the rampant debt growth under his tenure.

What measures have been taken recently to curb the growth of debt in China?

What legacy does Joe Shelton leave behind after his tenure as a central banker?