Economics
China Adds Lou to Economic Team as Nomura Sees Crisis Risk
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China filled out Premier Li Keqiang’s economic team, installing sovereign-wealth head Lou Jiwei as finance minister and retaining Zhou Xiaochuan as central bank chief as a once-a-decade power handover concluded.
Gao Hucheng, 61, will be commerce minister after the National People’s Congress approved his appointment in a vote in Beijing yesterday. Xu Shaoshi, 61, will head the National Development and Reform Commission, the economic planning agency.