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China ousts finance minister as Xi Jinping turns to allies

L
ou Jiwei, whom the Wall Street Journal describes as China’s “highest-profile finance minister in years,” has been replaced by Xiao Jie, 59, a former top tax administrator. The newspaper notes that Lou’s removal raises questions about whether reform-minded officials are being sidelined as Beijing "prioritizes short-term growth over major overhauls.”
6 months ago
Lucas Niewenhuis
By Lucas Niewenhuis
Lucas Niewenhuis is an associate editor at SupChina who helps curate daily news and produce the company's newsletter, app, and website content. Previously, Lucas researched China-Africa relations at the Social Science Research Council and interned at the Council on Foreign Relations in New York. He has studied Chinese language and culture in Shanghai and Beijing, and is a graduate of the University of Michigan.
China in 2 minutes a day
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