Governor 'unsure' of 3rd term

CENTRAL bank Governor Zhou Xiaochuan said yesterday that he was not sure if he will stay for a third term, only saying that China's financial policies will remain stable and consistent.

On Monday, Zhou, 65, was elected vice chairman of China's top political advisory body, effectively extending his legitimate retirement age from 65 to 70.

Chinese lawmakers will vote on Saturday to decide whether Zhou will keep his job at the central bank.

Zhou told reporters that most of the financial policies in place are effective, even though there is still room for improvement.

"Financial policies can lead to a lot of unease, and it sometimes takes years to find out if the policy was sound and well-received," Zhou said. "In general, right policies should be kept consistent."

We recommend:
Japanese brands search for rebound	Inflation rebounds to 10-month high in Feb.	Halt urged to rising luxury goods prices
China well on way to being largest oil importer	Energy trade surplus for US	China seeks economic transformation