China Specialist Correspondent
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Feb 20, 2013

China central bank chief set to keep job in reshuffle: sources

BEIJING (Reuters) – China’s central bank governor, Zhou Xiaochuan, is set to keep his job next month despite reaching the mandatory retirement age of 65, sources said, in a bid by Beijing’s new leaders to maintain the momentum of financial reform.

Two sources with ties to China’s Communist Party leadership and two senior financial industry sources said that, barring last-minute changes, Zhou, would be made a vice chairman of parliament’s top advisory body to give him “national-level leader” rank that would exempt him from compulsory retirement.

Feb 20, 2013

China c.bank chief set to keep job in reshuffle – sources

BEIJING, Feb 20 (Reuters) – China’s central bank governor,
Zhou Xiaochuan, is set to keep his job next month despite
reaching the mandatory retirement age of 65, sources said, in a
bid by Beijing’s new leaders to maintain the momentum of
financial reform.

Two sources with ties to China’s Communist Party leadership
and two senior financial industry sources said that, barring
last-minute changes, Zhou, would be made a vice chairman of
parliament’s top advisory body to give him “national-level
leader” rank that would exempt him from compulsory retirement.

Feb 15, 2013

Exclusive: North Korea tells China of preparations for fresh nuclear test: source

BEIJING (Reuters) – North Korea has told its key ally, China, that it is prepared to stage one or even two more nuclear tests this year in an effort to force the United States into diplomatic talks with Pyongyang, said a source with direct knowledge of the message.

Further tests could also be accompanied this year by another rocket launch, said the source who has direct access to the top levels of government in both Beijing and Pyongyang.

Feb 15, 2013

Exclusive: N.Korea tells China of preparations for fresh nuclear test – source

BEIJING (Reuters) – North Korea has told its key ally, China, that it is prepared to stage one or even two more nuclear tests this year in an effort to force the United States into diplomatic talks with Pyongyang, said a source with direct knowledge of the message.

Further tests could also be accompanied this year by another rocket launch, said the source who has direct access to the top levels of government in both Beijing and Pyongyang.

Jan 10, 2013

China’s new leader – harbinger of reform or another conservative?

BEIJING (Reuters) – When Xi Jinping became the new leader of China’s Communist Party two months ago, hopes were high for reform in the giant nation. But despite what appears to be sensitive handling of a strike by journalists and a challenge to Beijing’s tight control of the press, signs of change seem tentative.

Xi’s commitment to reform, or lack of it, will come into sharper focus over the next few months, in particular after he officially assumes the presidency in March at a session of the National People’s Congress, the country’s rubber-stamp parliament.

Nov 25, 2012

China’s princelings come of age in new leadership

BEIJING, Nov 26 (Reuters) – In China they are known as
“princelings” – the privileged children of the revolutionary
founders of the People’s Republic of China. And in the
generational leadership change that just took place in Beijing,
it could not have been clearer that having the right family
bloodlines is among the most important attributes an ambitious
cadre could possess.

Of the seven men who now comprise the Communist Party’s new
politburo standing committee, the apex of political power in
China, four are members of “the red aristocracy”, led by the new
general secretary of the party, Xi Jinping.

Nov 21, 2012

EXCLUSIVE: China’s backroom powerbrokers block reform candidates – sources

BEIJING (Reuters) – Retired leaders in China’s Communist Party used a last-minute straw poll to block two pro-reform candidates from joining the policymaking standing committee, including one who had alienated party elders, sources with ties to the leadership said.

Two sources said the influential retirees flexed their muscles in landmark informal polls taken before last week’s 18th party congress, where the seven–member standing committee, the apex of China’s power structure, was unveiled.

Nov 21, 2012

Exclusive: China’s backroom powerbrokers block reform candidates – sources

BEIJING (Reuters) – Retired leaders in China’s Communist Party used a last-minute straw poll to block two pro-reform candidates from joining the policymaking standing committee, including one who had alienated party elders, sources with ties to the leadership said.

Two sources said the influential retirees flexed their muscles in landmark informal polls taken before last week’s 18th party congress, where the seven–member standing committee, the apex of China’s power structure, was unveiled.

Nov 16, 2012

China’s commerce minister voted out in rare congress snub: sources

BEIJING (Reuters) – China’s commerce minister was surprisingly blocked from a spot on the ruling Communist Party’s elite body during a conclave this week, sources said, a rare snub for an official that could raise questions about trade policies during his tenure.

The failure of Chen Deming to secure a seat on the 25-member Politburo marks one of the few surprises to emerge from the party’s five-yearly congress that wrapped this week with the anointing of a new slate of top leaders who will run the world’s second largest economy.

Nov 15, 2012

China’s Politburo has more women, is younger – but barely

BEIJING, Nov 15 (Reuters) – China’s seven-man Politburo
Standing Committee, a group whose reformist credentials are few
and far between, was in the spotlight on Thursday as it paraded
before the world to cap a secretive Communist leadership
transition.

But the 18 other people who make up the Politburo -
including two who have exhibited relative openness to political
experimentation and two who were born in the 1960s – will be in
on all major policy decisions for the next five years.

    • 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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