Zhou Xiaochuan
Governor of the People's Bank of China
Age: 63

During the global financial crisis and economic recession, Zhou Xiaochuan effectively controlled inflation while ensuring China's stable economic growth. And by tightening interest rates, Zhou has significantly reduced the chance of Chinese economy suffering a hard landing. He was recently named as Euromoney magazine's "Central Bank Governor of the Year."

Zhou, who was appointed by the chairman of the China Securities Regulatory Commission (CSRC) in 2002, was described by the Chinese media as one of Premier Wen Jiabo's "Four Major Financial Officials" alongside Ma Kai (former Chairman of the National Development and Reform Commission), Jin Renqing (former Minister of Finance) and Lv Fuyuan (former Minister of Commerce).

In March 2009, Zhou published a series of academic papers that explained the role of China's macroeconomic policy during the financial crisis. Among other things, he proposed reforms for the international monetary system, including a move away from the grip of the U.S. dollar and the creation of an international reserve currency that would maintain stability by decoupling from sovereign states.

Zhang Maiwen

By Fortune China editors @FortuneMagazine - Last updated January 12 2012: 9:09 AM ET
Join the Conversation
Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options
Most Popular

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.