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China leadershipi

The Chinese Communist Party's 18th Congress, held in Beijing November 8-14, 2012, marked a key power transition in China. A new generation of leaders, headed by Xi Jinping and Li Keqiang, took over from the previous leadership headed by Hu Jintao. The Communist Party's Politburo Standing Committee was reduced in number from nine to seven. Unlike his predecessor Jiang Zemin, Hu Jintao handed over both the Party General Secretary and Chairman of the Central Military Commission positions to Xi.  

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The concept of ‘new productive forces’ shows that China’s top leadership has realised that the traditional model of relying on debt-fuelled investment to drive growth has reached its limit.

China is all the poorer for the death of the ‘people’s premier’ Li Keqiang, who always showed his caring side even as he steered the nation through some of its most difficult moments.

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  • Yan Pengcheng has been confirmed as one of He’s deputies at the Central Financial and Economic Affairs Commission, a key party body
  • The two have previously worked together at the top state economic planning agency

Amendment to Organic Law of the State Council shows role of China’s cabinet as Xi’s ‘loyal policy implementer’ is endorsed by highest legislative body, researcher says.

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Side-by-side comparison finds Li Qiang and predecessor Li Keqiang had different priorities early in their terms determined by economy at home during their era and geopolitics abroad.

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Fresh calls from the president point to a ‘milestone year’ for the implementation of much-ballyhooed changes intended to shore up China’s economy, but ‘institutional obstacles’ pose a risk to progress.

Some of China’s biggest provincial economies are looking to expand and diversify their financial resources this year, largely to fund economy-boosting construction projects, but analysts say this could run counter to Beijing’s de-risking campaign.

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Lack of detail on a crucial economic policy meeting, along with other messaging that indicates emphasis on political cohesion, suggests growth and recovery are still not top of mind for China’s leadership.

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Central leadership vows that ‘Chinese-style modernisation’ will be turned into reality on the back of high-quality development and pro-growth policies, but many details will remain under wraps for now.

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In a departure from the West’s view on the role of finance, China has made the case for its own perspective on the industry, primarily as a tool for achieving policy goals and a buttress for weak links in the economy.

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Chinese President Xi Jinping will chair a meeting of officials from the Shanghai, Jiangsu, Zhejiang and Anhui provinces, urging them to make concerted efforts to reinforce the development of the Yangtze River Economic Belt, one of his signature projects, sources familiar with the matter told the Post.

The unexpected appointment makes him the first official to lead a top Communist Party organisation that would typically be chaired by Chinese president.

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The Communist Party’s Central Financial Commission has been convened, with Premier Li Qiang at the helm, to oversee finance more directly and get ahead of potential sources of economic risk.

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Premier Li Qiang presided over a meeting of the Central Financial Commission as director and laid out the immediate trajectory of the commission’s work.

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This year’s central financial work conference stressed greater control of the Communist Party over the finance sector, indicating a desire to manage risk – and a lack of interest in putting financial institutions on a similar track as their Western counterparts.

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Official obituary of former leader, who died in Shanghai on Friday, hails his contributions to the economy, belt and road, poverty relief and his support for President Xi Jinping.

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China’s former vice-premier may be staying out of the public limelight, but President Xi Jinping has kept the 71-year-old in a position of influence, skirting customs and traditions in difficult economic times.

China’s State Council also puts the onus on local governments to bolster support for those most in need, including the poor and elderly, while also vowing to keep them warm this winter.

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Chuck Schumer and Mike Crapo also plan to meet members of the US business community in Shanghai. The White House is aware of the senators’ plans, people familiar with the matter said.

The president addresses some oft-mentioned gripes among the international community, acknowledging that China must do more to open up to the rest of the world.