Omega Management logo

Analysis: China poised to shake up economic leadership as reformers bow out

  • China readies biggest economic leadership reshuffle in decade
  • Premier, top officials to step down as growth dips, risks mount
  • Xi loyalists, locally groomed candidates likely take charge
  • New economic team could have limited room to manoeuvre- insiders

BEIJING, Sept 14 (Reuters) – China’s ruling Communist Party sets the stage next month for the biggest overhaul of its economic leadership in a decade, with a generation of reform-minded policymakers expected to step down amid worsening growth prospects.

Beijing’s once-in-five years reshuffle begins at the party congress that starts Oct. 16, where President Xi Jinping is poised to break with precedent and secure a third leadership term.

While top government officials remain in posts until the annual parliament meeting, usually in March, expected the party conclave will offer clues on who is in line for top posts and identify who succeeds Li Keqiang, who steps down in March after two terms as…

Read more…