China’s premier Li Keqiang vowed to extend the fight against corrupt officials, no matter how senior they are, following a report in state media that former security chief Zhou Yongkang is tied to a graft investigation.
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.
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.
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.
Japan may extend purchases of bonds sold by a European financial aid fund in coming months to support the region’s recovery from the sovereign debt crisis, two government officials familiar with the matter said.