China Specialist Correspondent
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Mar 11, 2013

China’s Xi flexes muscle, chooses reformist VP: sources

BEIJING (Reuters) – A reformist member of China’s decision-making Politburo, Li Yuanchao, is set to become the country’s vice president this week instead of a more senior and conservative official best known for keeping the media in check, sources said.

Li’s appointment would be a sign that new Communist Party leader and incoming president Xi Jinping’s clout is growing, a source with ties to the leadership said. Xi fended off a bid by influential former president Jiang Zemin to install propaganda tsar Liu Yunshan in the job, the source said.

Mar 7, 2013

Exclusive: China wealth fund, Commerce Ministry to get new heads – sources

BEIJING (Reuters) – China will likely appoint savvy international dealmakers to run its giant sovereign wealth fund and Commerce Ministry in a soft power push to soothe fears over a planned spending spree to boost Beijing’s ownership of strategic global assets.

Securities regulator Guo Shuqing is tipped to take the helm at the $482 billion state investment vehicle, China Investment Corp (CIC) CIC.UL, and China’s chief trade representative, Gao Hucheng, is seen running the Commerce Ministry, two sources with leadership ties told Reuters.

Mar 7, 2013

China wealth fund, Commerce Ministry to get new heads – sources

BEIJING, March 7 (Reuters) – China will likely appoint savvy
international dealmakers to run its giant sovereign wealth fund
and Commerce Ministry in a soft power push to soothe fears over
a planned spending spree to boost Beijing’s ownership of
strategic global assets.

Securities regulator Guo Shuqing is tipped to take the helm
at the $482 billion state investment vehicle, China Investment
Corp (CIC), and China’s chief trade representative, Gao
Hucheng, is seen running the Commerce Ministry, two sources with
leadership ties told Reuters.

Mar 4, 2013

Critic of unbridled growth tipped as new China environment minister

BEIJING, March 4 (Reuters) – Pan Yue, a high-profile
official with a history of taking on big state-owned interests,
has emerged as the front-runner to become China’s new
environment minister, sources said, amid growing public
discontent over worsening pollution in the country.

Pan, a former journalist, is tipped to take over from
career bureaucrat Zhou Shengxian when Premier-in-waiting Li
Keqiang forms his new cabinet during the annual session of
parliament which begins on Tuesday, three independent sources
familiar with the matter said.

Mar 4, 2013

China hammers out rail restructuring – sources

BEIJING, March 4 (Reuters) – China is likely to split its
sprawling, scandal-plagued Railways Ministry into operations and
commercial arms, two sources said, part of an overhaul of the
bureaucracy as a new set of leaders takes charge in Beijing.

In other plans, the government is also likely to set up a
single regulator for food safety, although details are still
being finalised.

Mar 3, 2013

China’s graft-fighting Xi tells party future is on the line

BEIJING (Reuters) – China’s ruling Communist Party will only be able to mark its 100th birthday in eight years time if officials can learn from the selfless sages of the past, party chief Xi Jinping said in remarks published on Sunday, taking another swipe at corruption.

Xi, who will take over the reins of state power from outgoing President Hu Jintao at this month’s annual full session of parliament, has made fighting pervasive graft a central theme since assuming the top job in the party and military in November.

Feb 28, 2013

Exclusive: China plans bond overhaul to fund $6 trillion urbanization – sources

BEIJING (Reuters) – China plans major bond market reform to raise the money the ruling Communist Party needs for a 40 trillion yuan ($6.4 trillion) urbanization program to buoy economic growth and close a chasm between the country’s urban rich and rural poor.

The Party aims to bring 400 million people to cities over the next decade as the new leadership of president-in-waiting Xi Jinping and premier-designate Li Keqiang seek to turn China into a wealthy world power with economic growth generated by an affluent consumer class.

Feb 28, 2013

China plans bond overhaul to fund $6 trln urbanisation-sources

BEIJING, March 1 (Reuters) – China plans major bond market
reform to raise the money the ruling Communist Party needs for a
40 trillion yuan ($6.4 trillion) urbanisation programme to buoy
economic growth and close a chasm between the country’s urban
rich and rural poor.

The Party aims to bring 400 million people to cities over
the next decade as the new leadership of president-in-waiting Xi
Jinping and premier-designate Li Keqiang seek to turn China into
a wealthy world power with economic growth generated by an
affluent consumer class.

Feb 27, 2013

China likely to appoint expert on North Korea, Japan as foreign minister

BEIJING (Reuters) – China is likely to appoint an expert on Japan and North Korea as its next foreign minister, three independent sources said, in a measure of Beijing’s resolve to improve difficult relationships with two of its closest neighbors.

Barring last-minute changes, Wang Yi, 59, China’s ambassador to Japan from 2004 to 2007, was likely to be appointed foreign minister during the annual full session of parliament next month, the sources said.

Feb 21, 2013

China’s Bo Xilai not cooperating on probe, been on hunger strike: sources

BEIJING (Reuters) – Disgraced former senior Chinese leader Bo Xilai is refusing to cooperate with a government investigation into him and has staged hunger strikes in protest and at one point was treated in hospital, sources with knowledge of the matter said.

Almost a year after Bo’s fall from grace under a cloud of lurid accusations about corruption, abuse of power and murder, the government has given no definitive time frame for when he will face court, and has not even announced formal charges.

    • About Benjamin

      "Ben is based in Beijing and covers China regulatory news. He is an ethnic Chinese born and raised in the Philippines, and spent 13 years in Beijing and 15 years in Taipei. He joined Reuters in 1991, serving as Beijing bureau chief from August 2008 to August 2010 and Taipei bureau chief from February 2000 to December 2002."
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