EPISODE · Oct 16, 2022 · 21 MIN
Who decides Chinese economic policy in Xi Jinping's third term?
from The Weekly Briefing from Capital Economics · host Capital Economics
The Communist Party 20th Congress will accelerate a huge personnel reshuffle throughout the party and the state apparatus, affecting key policymakers including central bank governor Yi Gang, Guo Shuqing, the chief bank regulator, and Liu He, a Vice Premier known as Xi Jinping's "economic czar". David Wilder talks to Senior China Economist Julian Evans-Pritchard about who might replace these influential reformist voices within the government, but also what it will mean to be a reformist under Xi's more centralised and authoritarian decision-making process. Plus, Group Chief Economist Neil Shearing discusses whether Chancellor Kwasi Kwarteng's defenestration marks an end to the UK's crisis.
What this episode covers
Just ahead of the start of China's 20th Party Congress, we ask who's heading up and who's heading out of the economic and financial decision-making process amid a bureaucracy-wide reshuffle. We also catch up on the latest in the fallout from the UK government's disastrous "mini-Budget".
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Who decides Chinese economic policy in Xi Jinping's third term?
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