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China Names Finance Official Zhu to Key Leading Group Led by Xi

  • Financial and economic affairs panel steers national policies
  • Vice Finance Minister Zhu Guangyao manages G-20 participation

China named Vice Finance Minister Zhu Guangyao to a senior position in the Communist Party’s elite financial and economic panel led by President Xi Jinping, giving him a bigger role in shaping policies to help support growth.

Zhu, 62, now also serves as a deputy director of the general office of the Central Leading Group for Financial and Economic Affairs, according to an April 28 article published by the Chinese Academy of Governance, a Beijing training school for senior officials. He will keep his role at the ministry, where he helps coordinate China’s participation with the Group of 20 nations and the U.S.-China Strategic & Economic Dialogue.