Wang Qishan News
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Liu Tienan, a vice chairman of China’s economic planning agency, is being investigated by the country’s top anti-corruption agency over suspected “serious discipline violations.”
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China Merchants Bank Co. party secretary Ma Weihua resigned after nearly 15 years in charge of the nation’s sixth-largest lender, as management changes in the financial industry follow a once-a-decade leadership transition.
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“It is not easy to really know China, because China is an ancient civilization.”
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Chinese Vice Premier Wang Qishan will visit Kenya, Zimbabwe and Angola from March 17 to 23, according to a statement on the foreign ministry’s website today.
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Vice Premier Wang Qishan, China’s counterpart to U.S. Treasury Secretary Timothy Geithner, was named to the Communist Party’s discipline body as part of a once-a-decade leadership transition, indicating he won’t have a post directly overseeing the economy in the new government.
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U.S. Treasury Secretary Jacob J. Lew said he pressed China’s new leadership on cybersecurity, North Korea and exchange rates, as both sides pledged to cooperate to support domestic and global growth.
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Liu He was appointed as a vice chairman of China’s top economic-planning agency, a sign that President Xi Jinping’s government may be preparing to quicken market-driven policy changes to sustain growth.
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China’s placement of a North Korean- educated economist and an exemplar of debt-fueled infrastructure on its ruling body may add to challenges for Communist Party leader Xi Jinping as he seeks to deepen the nation’s development.
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China’s stocks fell, dragging the CSI 300 Index to the lowest level since 2009, on concern the nation’s new leadership won’t accelerate economic reforms including reducing the dominance of state-owned enterprises.
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China filled out Premier Li Keqiang’s economic team, installing sovereign-wealth head Lou Jiwei as finance minister and retaining Zhou Xiaochuan as central bank chief as a once-a-decade power handover concluded.
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