BEIJING – China’s Cabinet will undergo its most sweeping reshuffle in a decade as the world’s second-biggest economy faces mounting challenges from its rivalry with the US, an ageing population coupled with low fertility rate, and a yawning income and wealth gap. Read more at straitstimes.com.
in his annual work report at the opening of the session.
Mr Li Qiang, ranked second behind Mr Xi in the new Standing Committee and was previously party secretary of financial capital Shanghai, will become premier, succeeding Mr Li Keqiang, who will retire after two five-year terms. The two Lis are not related. Outgoing state planner He Lifeng is a shoo-in to become one of three other vice-premiers and China’s next economic czar, taking over from Mr Liu He. The other two vice-premiers are likely to be former Shaanxi provincial party secretary Liu Guozhong and former Liaoning provincial party secretary Zhang Guoqing.
“Frankly, I don’t think the composition for the State Council is a big deal, as we know there are no real heavyweight economic or financial experts like Liu He. They are going to be Xi men anyway,” said Professor Steve Tsang, director of the SOAS China Institute in London. One such overhaul could be the possible merging of the ministries of public security and state security into a new powerful interior ministry headed by Mr Wang Xiaohong, who was promoted to public security chief in June 2022.
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