China unexpectedly kept its central bank governor and finance minister in their posts at the annual session of the rubber-stamp parliament on Sunday, prioritising continuity as economic challenges loom at home and abroad.
, 63, a longtime Xi confidant, to premier. The former Shanghai Communist Party boss takes a role charged with managing the economy, replacing Li Keqiang, 67, who stepped down after two five-year terms.
after being left off the ruling Communist Party's Central Committee during the party's once-in-five-years congress in October. "The U.S. side will be much more comfortable with someone like Yi Gang in charge," said Alfred Wu, assistant professor at the Lee Kuan Yew School of Public Policy at the National University of Singapore.
The appointments "indicate that the government put professionalism, management and the art of fine-tuning on the front burner when it comes to picking the central bank governor and finance minister, as positions at the helm of core economic departments need tremendous professional skill," said Sun Fei, an economist.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
D.C.-area forecast: Trivial snowflakes turn to rain today; another storm SundayMinor, brief, grassy dustings are possible today and perhaps Sunday. Breezy, with some sun, for Saturday.
Read more »
Rain This Morning With Strong Storms Sunday - Alabama NewsRain and storms will be lingering this morning, and we'll also be keeping an eye on Sunday... alwx
Read more »
March Madness: NCAA men's and women's tournament times, dates, Selection Sunday shows and moreIt's finally March, by far the best time of the year for college basketball.
Read more »
Snow today could total 6 inches in parts of N.J. Another snowstorm in Sunday forecast.Winter weather advisories have been issued for six New Jersey counties. Another storm Sunday night could bring more snow to North Jersey.
Read more »
March Madness Selection Sunday: How to watch on TV, stream onlineThe field for the men's basketball NCAA Tournament will be revealed Sunday.
Read more »
Oscars vs. 'The Last of Us': What are you watching Sunday?Will Joel and Ellie finally reach their journey's end in “The Last of Us”? Will Michelle Yeoh get an Oscar? Viewers will have to choose which answer they want in real time as the season finale of the HBO hit competes with the Academy Awards this Sunday.
Read more »