Economics

Zhou Seen Leaving PBOC as China Picks New Economic Chiefs

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China began installing a new economic leadership by indicating that central bank Governor Zhou Xiaochuan will step aside and Vice Premier Wang Qishan, the top finance official, will move to a new role.

Zhou, Commerce Minister Chen Deming and Finance Minister Xie Xuren were absent from the Communist Party central committee named yesterday, suggesting they will probably exit those jobs. The Politburo Standing Committee, the supreme decision-making body in China that will be announced today, is forecast to include Vice President Xi Jinping and Vice Premier Li Keqiang.