Outgoing Finance Minister Liu Zhongli is to become head of the Restructuring Economy Office under the State Council. Under government plans, the State Commission for Restructuring the Economy will be abolished, and part of its job will be taken up by a senior-level think-tank directly led by premier-designate Zhu Rongji. The ministers sitting with him depend on issues discussed. The Restructuring Economy Office will serve the group. Sources said Mr Liu, 64, would head the office after leaving the Finance Ministry later this year. Economist Li Jiange, currently a vice-chairman of the China Securities Control Commission and a protege of Mr Zhu, will be the deputy head. The State Commission for Restructuring the Economy, powerful during the 1980s, has a high number of princelings in high posts compared to other ministries. Minister Li Tieying and vice-ministers Hong Hu and Wu Jie are all sons of revolutionary leaders. Mr Li Tieying is to become president of the China Academy of Social Sciences. Mr Wu was elected a Standing Committee member of the Chinese People's Political Consultative Conference. Mr Hong, who has asked to be promoted to a minister in another department, has not yet been given a new post. Party Secretary and vice-minister of the commission Zhang Haoruo is expected to be elected a Standing Committee member of the National People's Congress today. Another vice-minister, Liu Zhifeng, will be transferred to a similar post in the Construction Ministry, while Wang Dongjin will become vice-minister of the newly-created Labour and Social Welfare Ministry. A circular to cadres working in ministries caught in the changes urges them not to leave Beijing for three weeks as bosses are set to announce changes to job and rank.