Xi Is Delegating More Authority in China to His Loyal Deputy
- Premier leading new financial commission surprised analysts
- Chinese president installed inner circle of loyalists in 2022
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Chinese President Xi Jinping spent his first decade in office accumulating power at the expense of the Communist Party’s No. 2 official. Now that he’s installed a trusted loyalist as premier, China’s most powerful leader since Mao Zedong is getting more comfortable delegating authority.
Last week, state media revealed Chinese Premier Li Qiang is overseeing the Central Financial Commission created in March — surprising analysts who expected his boss to take the job.