The retention of Yi Gang as governor of the People's Bank of China was announced at the National People's Congress, the annual parliamentary gathering. Some analysts expect that keeping PBOC Governor Yi in place provides stability and continuity with monetary policy, as Beijing confronts a more complicated and changeable environment as well as the economic recovery restarting. The decision to retain Yi will assure the funding support to the real economy, help Beijing to further strengthen the exchange and cooperation with international organizations, and make China's financial industry more open.

China reappointed several top economic officials in a leadership reshuffle. Wang Wentao was nominated to stay on as minister of Commerce, with Zheng Shanjie taking over as head of the National Development and Reform Commission, and Liu Kun remaining as minister of finance.