#48 Zhou Xiaochuan
Governor
People's Bank of China
China
Age: 61
Governor of People's Bank of China, China's $2 trillion central bank, oversees world's largest reserves; biggest buyer of U.S. debt, holds almost half of reserves in U.S. Treasuries. Also biggest challenger to greenback's hegemony: Calls for IMF to create a substitute for the dollar as the world's currency of choice not unheeded. China's preference: so-called Special Drawing Rights (SDRs)—a blend of the dollar, pound, yen and euro—the IMF currency first conceived by John Maynard Keynes. An economic reformer, Xiaochuan is not easily dismissed. But with an estimated two-thirds of reserves in U.S. assets, still very much beholden to Washington.
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