World News Insights
1-3 Minute Gist

All Topics Article

China's Li Lays Out the Pledges

Wall Street Journal Original article ›

Keywords:

LyrArc Article Gist
The appointments to key economic positions in the Jinping-Keqiang administration in 2013 reflect continuity and importance given to experience. Zhou Xiaochuan continues as head of the central bank PBOC, to keep an experienced person in the the event of a financial crisis. Lou Jiwei, chairman of the sovereign wealth fund, is now the new finance minister. Xu Shaoshi, minister of land and resources, is the new head of the National Development and Reform Commission, the economic planning agency. Xiao Gang, chairman of the Bank of China, one of four state owned banks, will be the new head of the securities regulator, China Securities Regulatory Commission. Zhang Gaoli, a member of the Political Standing Committee of the Communist party, and Wang Yang, party chief of southern Guangdong province, also join the economic team. Li Keqiang, the new prime minister emphasized the agenda for the next decade telling a press conference: "Talking the talk is not as good as walking the walk. We need to pursue market oriented reforms." This means giving the private sector and consumers a signficant role in the Chinese economy.

The Jinping-Keqiang administration and key appointments for the economy in 2013- the PBOC and Finance ministry

03/17/2013

Key appointments under the Jinping-Keqiang administration to head the central bank PBOC, the sovereign wealth fund, finance ministry, and the Development Reform Commission DRC planning agency in 2013.

Grouped Articles

Beijing Signals a Shift on Economic Policy

New York Times 05/24/2013

China's Central Banker Leads Push to Overhaul Economy

Wall Street Journal 11/05/2013

Chinese Rates Surge Despite Central Bank’s Efforts

New York Times 12/23/2013

Regulators at Odds on Reining In China's Shadow Lending

Wall Street Journal 01/15/2014

At China's NPC, Proposed Changes Include Bank Deposit Insurance

Wall Street Journal 03/06/2014

New China Central Bank Chief Economist Pushes Liberalization Plan

Wall Street Journal 04/10/2014

China- German trade and economic relations

06/29/2011

Grouped Articles

Germany’s Merkel Offers Limited Support for Hong Kong Protesters

Wall Street Journal 10/11/2014

Wen Renews Chinese Vow to Buy European Bonds

Wall Street Journal 06/29/2011

It's Not Just the Currency

New York Times 10/15/2011

Appreciating China's Shift

Wall Street Journal 02/14/2012

China Speeds Economic 'Transformation'

Wall Street Journal 03/06/2012

China's Vanishing Trade Imbalance

New York Times 05/01/2012

China's Boao Forum for economic policy

04/17/2011

Views of experts on China and the global economy at the Boao Forum in China.

Grouped Articles

China Fund Chief Highlights Caution on Global Economy

Wall Street Journal 04/17/2011

China's Wealth-Fund Chief Warns on Global Growth

Wall Street Journal 04/18/2011

China's Growth Risks

Wall Street Journal 05/25/2011

Global crisis calls for G-20 growth pact - The Washington Post

Washington Post 08/11/2011

Unrest Grows as Economy Booms

Wall Street Journal 09/26/2011

China Turns Predominantly Urban

Wall Street Journal 01/18/2012

China's difficult political-economic choices in the post 2010 period.

01/06/2008

The difficult choices in the new environment- transition to a new leadership, how to change the export model without serious disruptions, how to deal with western demands for balanced global growth, dealing with the inequality and corruption generated in the kind of growth China experienced (by the fiat of the State), opening up freedom of expression to curb corruption and to provide representation for hitherto blocked out voices, transition to freedom of expression and democratic processes without serious disruption to thegrowth needed for employment and improvements in the standard of living across all parts of society and regions, reducing or channelling to constructive ends prevailing nationalistic, anti-western or anti-Japanese sentiment. The new leadership of Xi Jinping and Li Keqiang is expected to be more outward looking than than of Hu Jintao and Wen Biao and comes at atime when China needs to make some difficult choices about future direction.

Grouped Articles

China's Reform Moment

Wall Street Journal 07/01/2013

The Slowing of Two Economic Giants

New York Times 07/14/2013

China Is Slow and Unbalanced

Wall Street Journal 07/15/2013

How China Lost Its Mojo: One Town's Story

Wall Street Journal 09/16/2013

China’s Economy, Back on Track

New York Times 10/04/2013

Xia Yeliang: The China Americans Don't See

Wall Street Journal 10/26/2013

Krugman on economic policy and prospects for China in 2012-2013

09/30/2010

Grouped Articles

The Slowing of Two Economic Giants

New York Times 07/14/2013

Taking On China

New York Times 09/30/2010

Chinese debt: The great hole of China

Economist 10/17/2014

A Warning on China Seems Prescient

New York Times 08/24/2015

China's Debt: You'll Grow Out of It

Wall Street Journal 01/25/2012

China Speeds Economic 'Transformation'

Wall Street Journal 03/06/2012

Tom Orlik on wealth distribution in China and why increasing consumer spending would require higher incomes for the lower middle class and rural households

01/07/2010

Orlik cites a study by a Chinese university which shows 10% of the households has over 80% of the wealth, and over 50% of the households have little or no savings. This suggests that there is not much room to increase consumer spending on education, healthcare, and consumer goods for these households as incomes are too low. This may account for the insecurity felt by a large majority of households about the future. It also shows that rebalancing the global economy would require rebalancing within China, reducing inequality and improving incomes for the middle class to increase consumer spending.

Grouped Articles

China's Reform Moment

Wall Street Journal 07/01/2013

The Slowing of Two Economic Giants

New York Times 07/14/2013

China Is Slow and Unbalanced

Wall Street Journal 07/15/2013

Will China Break?

New York Times 12/18/2011

Survey in China Shows a Wide Gap in Income

New York Times 07/19/2013

Kicking the Luxury Habit

Wall Street Journal 11/06/2013

The World Bank and the Development Research Center (DRC) Report "China: 2030"

01/06/2008

A government Chinese think tank, the DRC, and the World Bank collaborate to write a report on the best future direction for China's economy. World Bank president Zoellick's suggestion for writing this report was endorsed by Li Keqiang, who will become the new prime minister of China.

Grouped Articles

Beijing Signals a Shift on Economic Policy

New York Times 05/24/2013

China's Reform Moment

Wall Street Journal 07/01/2013

The Slowing of Two Economic Giants

New York Times 07/14/2013

China Is Slow and Unbalanced

Wall Street Journal 07/15/2013

Zoellick: Chance for Yuan

Wall Street Journal 03/29/2010

Fixing a Perception Gap for the Underappreciated G-20

Wall Street Journal 08/27/2013


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us