President Xi’s close ally Li Qiang, formerly Shanghai’s party chief, is poised to become the next premier.
Having reached his two-term limit, Mr Li confirmed last year he would be stepping down as premier.
Mr Li had once been considered a competitor for the top job, but had fallen out of favour as Mr Xi amassed influence and appointed loyalists to powerful positions by his side. The 63-year-old was formerly Shanghai’s party chief. His career overlapped with Mr Xi’s in Zhejiang province decades ago, when he was Mr Xi’s de facto chief of staff.
Emerging from its strict zero-COVID policy, which Chinese authorities abandoned late last year, the new premier’s plans to reboot the economy will be in the spotlight. “The coming 10 years will decide whether and how fast the overall size of the Chinese economy will be the largest economy in the world.”However, the dynamics between the nation’s two top leaders could also be a double-edged sword, as Mr Xi’s decisions could be left unchecked, said other observers.
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