China Appoints Pan Gongsheng As New Central Bank Governor

Pan Gongsheng succeeds Yi Gang as governor of the People's Bank of China.
Pan is known for his expertise in financial risk management and stabilization of the yuan.
He faces challenges like economic slowdown, debt issues, and currency devaluation.
Pan has experience restructuring banks, managing reserves, and implementing reforms.
He is expected to focus on risk prevention, yuan stability, and prudent monetary policies.