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China creates teams to spearhead economic change, with top leaders in charge

Published on Jan 22, 2014 9:12 PM
 
China's President Xi Jinping delivers his new year's speech in front of state media in Beijing, December 31, 2013. China has created six teams to supervise its boldest economic and social changes in 30 years, with President Xi Jinping and Premier Li Keqiang personally taking charge, state media said on Wednesday, Jan 22, 2014. -- PHOTO: REUTERS

BEIJING (REUTERS) - China has created six teams to supervise its boldest economic and social changes in 30 years, with President Xi Jinping and Premier Li Keqiang personally taking charge, state media said on Wednesday.

Mr Xi has been appointed the head of the central leading group for comprehensive reforms that will oversee the six teams, with Mr Li as his deputy, state radio said after the group held its first-ever meeting.

Mr Liu Yunshan and Mr Zhang Gaoli, part of China's elite seven-member Standing Committee - the most powerful governing group in the country - have also been named deputies of the central leading group, the radio said.

Letting China's most powerful leaders take charge of the nation's quest for change should alleviate investor scepticism that Beijing may lack the political will to push through the many difficult reforms deemed necessary.

 
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