Li Qiang, Xi confidant, takes reins as China’s premier

Published by

By Yew Lun Tian, Laurie Chen and Joe Cash BEIJING (Reuters) – Four years before Li Qiang gained notoriety as the force behind the two-month COVID-19 lockdown of Shanghai, the man who became China’s new premier on Saturday worked quietly behind the scenes to drive a bold revamp of the megacity’s sclerotic stock market. Li’s back-channelling – sources said he bypassed the China Securities Regulatory Commission, which lost some of its power under the new set-up – demonstrated what became a reputation for pragmatism as well as close ties with President Xi Jinping. In late 2018, Xi himself announce…

Read More

Leave a Reply