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However, further announcements are expected in coming weeks as China implements a reorganisation of its financial regulatory structure and other government bodies. "Opting for continuity in these critical economic roles suggests an emphasis on credibility and stability," said Mattie Bekink, China director at the Economist Intelligence Corporate Network. The U.S.-educated central bank chief Yi, appointed PBOC governor in 2018, had widely been expected to retire after being left off the ruling Communist Party's Central Committee during the party's once-in-five-years congress in October. "It shows China wants to at least have a dialogue with the United States on monetary policy and financial cooperation," he said. The parliamentary session will end on Monday, with Xi expected to give a speech and Li, the new premier, scheduled to hold a televised media conference afterwards.

China's four new vice premiers:Ding Xuexiang, 60, is the first-ranked vice premier who also sits in the ruling Communist Party's Politburo Standing Committee, China's top echelon of power. Wang Zhigang, 65, remains minister of science and technology. Huai Jinpeng, 60, remains minister of educationPan Yue, 62, remains head of the National Ethnic Affairs CommissionWang Xiaohong, 65, remains minister of public securityChen Yixin, 63, remains minister of state security. Considered a Xi ally, he had worked with Xi when the latter was party chief of Zhejiang province from 2002-2007. Tang Dengjie, 63, remains minister of civil affairsHe Rong, 60, remains minister of justiceWang Xiaoping, 59, remains minister of human resources and social securityWang Guanghua, 59, remains minister of natural resourcesHuang Runqiu, 59, remains minister of ecology and environmentNi Hong, 60, remains minister of housing and urban-rural developmentLi Xiaopeng, 63, remains minister of transportLi Guoying, 63, remains minister of water resourcesTang Renjian, 60, remains minister of agriculture and rural affairsHu Heping, 60, remains minister of culture and tourismMa Xiaowei, 63, remains head of the National Health CommissionPei Jinjia, 59, remains minister of veterans affairsWang Xiangxi, 60, remains minister of emergency managementHou Kai, 60, remains auditor-general of the National Audit OfficeReporting by Yew Lun Tian, Ziyi Tang, additional reporting by Albee Zhang; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

☆ China names U.S.-sanctioned general Li Shangfu as defence minister
▼ + stars: | 2023-03-12 | by ( ) www.reuters.com time to read: 1 min

BEIJING, March 12 (Reuters) - China named Li Shangfu, a U.S.-sanctioned general, as its new defence minister on Sunday. Li has been under U.S. sanctions since 2018 over the purchase of combat aircraft and equipment from Russia's main arms exporter, Rosoboronexport. Chen Yixin and Wang Xiaohong remained as ministers of state security and public security, respectively. Qin Gang and He Rong remained as ministers of foreign affairs and justice, respectively. Reporting by Yew Lun Tian and Ethan Wang; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

[1/4] China's newly-elected Premier Li Qiang takes an oath after being elected during the fourth plenary session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China on March 11, 2023. Previously the Communist Party chief in Shanghai, Li was confirmed as premier during the National People's Congress, charged with managing the world's second largest economy. "Officials know that Li Qiang is Xi Jinping's guy," he said. "He clearly thinks that Li Qiang is a very competent person and he has put him in this position because he trusts him and he expects a lot of him." American author Robert Lawrence Kuhn, who met Li and Xi together in 2005 and 2006, said the two shared an easy rapport.

☆ China's Xi secures precedent-breaking third term as president
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +3 min

[1/4] Chinese President Xi Jinping looks on after casting his vote during the Third Plenary Session of the National People's Congress (NPC) at the Great Hall of the People, in Beijing, China, 10 March 2023. MARK R. CRISTINO/Pool via REUTERSBEIJING, March 10 (Reuters) - Xi Jinping on Friday secured a precedent-breaking third five-year term as China's president as he tightens his grip as the country's most powerful leader since Mao Zedong. The stage was set for another Xi term when he did away with presidential term limits in 2018. Xi chatted casually with Li, who was seated to his left, as delegates deposited voting slips into electronic ballot boxes. The parliament also elected Zhao Leji, 66, as the new parliament chair and Han Zheng, 68, as the new vice president.

☆ China's Xi says better use of defence resources needed 'to win wars'
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

BEIJING, March 8 (Reuters) - China needs to improve its use of defence resources such as technology, supply chain and national reserves "to strengthen its army and win wars", President Xi Jinping said on Wednesday. Xi is commander-in-chief of China's armed forces and is due to be formally re-elected as president later this week. "China needs to better use defence science, technology and industry to strengthen its army and win wars," Xi said. He asked national laboratories to accelerate their research in defence technology so that China would not have to rely on foreign countries. Xi did not specify what the "strategic risks", as he put it, were that the military needed to address.

☆ China warns US against suppressing it or risk 'conflict'
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +3 min

[1/2] Journalists attend a news conference by Chinese Foreign Minister Qin Gang on the sidelines of the National People's Congress (NPC) in Beijing, China March 7, 2023. REUTERS/Thomas PeterBEIJING, March 7 (Reuters) - The U.S. should change its recent mistaken policies towards China or "conflict and confrontation" will follow, China's foreign minister said on Tuesday, while reiterating Beijing's call for dialogue to end the conflict in Ukraine. "The United States' perception and views of China are seriously distorted," Qin said. China has fiercely defended its stance on Ukraine, amidst Western criticism of its decision not to call Russia the aggressor in the conflict. But China must advance its relations with Russia as the world becomes more turbulent, Qin said.

Previously the Communist Party chief in Shanghai, Li is poised to be confirmed as premier on Saturday during the ongoing National People's Congress, charged with managing the world's second largest economy. Trey McArver, co-founder of consultancy Trivium China, said Li is likely to be much more powerful than his predecessor. "Officials know that Li Qiang is Xi Jinping's guy," he said. "He clearly thinks that Li Qiang is a very competent person and he has put him in this position because he trusts him and he expects a lot of him." American author Robert Lawrence Kuhn, who met Li and Xi together in 2005 and 2006, said the two shared an easy rapport.

☆ China says must advance relations with Russia as world becomes more turbulent
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +1 min

BEIJING, March 7 (Reuters) - China must advance its relations with Russia as the world becomes more turbulent, Foreign Minister Qin Gang said on Tuesday. Speaking to reporters at an annual parliamentary session in Beijing, Qin said the close interactions between both leaders - President Xi Jinping and President Vladimir Putin - provided the anchor for China-Russia relations. He did not give a definite answer when asked if Xi would visit Russia after China's parliament session, which goes on for one more week. Asked whether it is possible that China and Russia would abandon the U.S. dollar and euro for bilateral trade, Qin said that countries should use whatever currency is efficient, safe and credible. China, which has refused to name Russia as the aggressor in the Ukraine conflict, has often criticised the United States for bullying other countries with unilateral sanctions.

☆ China's Xi urges private firms to 'be rich and loving' in pursuit of prosperity for all
▼ + stars: | 2023-03-06 | by ( Yew Lun Tian | ) www.reuters.com time to read: +3 min

Private Chinese and foreign firms have been waiting for Beijing to flesh out details on how it intends to pursue "common prosperity", Xi's signature initiative to narrow China's wealth gap, and how it expects private firms to contribute. Xi also said that private firms should share the fruits of their growth with employees more equitably, in what he called a "community of shared interests". "Be rich and responsible, be rich and benefit others, be rich and loving," state radio cited Xi as saying. He said it is unfair to expect private firms to share the social responsibility for "common prosperity" with state-owned firms, which enjoy privileged access to markets and preferential loans not always available to private firms. "Led by the United States, the West has implemented all-round containment to suppress China, bringing unprecedented challenges to China's development," state radio quoted Xi as saying.

☆ China says armed forces should boost combat preparedness
▼ + stars: | 2023-03-05 | by ( ) www.reuters.com time to read: +1 min

BEIJING, March 5 (Reuters) - China's armed forces should devote greater energy to training under combat conditions and boost combat preparedness, Premier Li Keqiang said on Sunday. "Our armed forces, with a focus on the goals for the centenary of the People's Liberation Army in 2027, should work to carry out military operations, boost combat preparedness, and enhance military capabilities," he said in his work report to the opening of the annual meeting of China's parliament. "The armed forces should intensify military training and preparedness across the board, develop new military strategic guidance, devote greater energy to training under combat conditions and make well-coordinated efforts to strengthen military work in all directions and domains," Li said. This year's defence budget has yet to be released but is likely to come out later on Sunday when the government releases its overall 2023 budget. Reporting by Yew Lun Tian; Writing by Ben Blanchard; Editing by William Mallard & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

☆ China says should advance 'peaceful reunification' with Taiwan
▼ + stars: | 2023-03-05 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/IllustrationBEIJING, March 5 (Reuters) - Chinese Premier Li Keqiang said on Sunday the government should promote the peaceful development of relations with Taiwan and advance the process of China's "peaceful reunification" but also take resolute steps to oppose Taiwan independence. In August, China staged war games around Taiwan in response to a visit to Taipei by then-U.S. House Speaker Nancy Pelosi. Speaking at the opening of the annual meeting of China's parliament, Li said Beijing stands by the "one China" principle, which states that Taiwan is part of China. The government should implement our party's policy for "resolving the Taiwan question" and "take resolute steps to oppose Taiwan independence and promote reunification", he told the roughly 3,000 delegates at Beijing's enormous Great Hall of the People. "We should promote the peaceful development of cross-Strait relations and advance the process of China's peaceful reunification."

REUTERS/Tingshu WangHONG KONG/BEIJING/SHANGHAI, March 3 (Reuters) - As unprecedented protests against China's zero-COVID policies escalated in November, Li Qiang, the man recently elevated to No.2 on the ruling Communist Party's Politburo Standing Committee, seized the moment. Meanwhile, some local-level party workers and healthcare officials were grappling with growing challenges in implementing the zero-COVID policy. "From my perspective, it's not that we set out to relax the zero-COVID policy, it's more that we at the local level were simply not able to enforce the zero-COVID policy anymore," the official said. In mid-November, when Xi was still in Southeast Asia, he ordered Chinese authorities to "unswervingly" execute the zero-COVID policy, said two of the people, after which some cities retightened curbs. Xi's vacillating led to renewed debate on COVID policy among top leaders during mid to late November, one of these people and another person said.

☆ China says its official bilateral loans are less than 5% of Ghana debt
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +1 min

March 2 (Reuters) - China's official bilateral loans involving Ghana account for less than 5% of the West African country's total debt, the Chinese foreign ministry said on Thursday. Multilateral and commercial debt account for the vast majority of Ghana's external debt, ministry spokesperson Mao Ning said at a regular press briefing. Germany's finance minister recently singled out China during a visit to Ghana, as he called on countries that have lent to the embattled nation to form a creditor committee quickly to help it restructure its debt. China has been consistent in criticising multilateral lenders for not taking haircuts on loans extended to debtor countries while Beijing is being asked to do so on credit it has extended bilaterally. Ghana owes China $1.7 billion, according to the International Institute of Finance, a financial services trade association focused on emerging markets.

BEIJING, Feb 15 (Reuters) - Hundreds of retirees took to the streets in the Chinese cities of Wuhan and Dalian on Wednesday to protest cuts to medical benefits, according to residents and social media posts, following widespread demonstrations last year over COVID curbs. Reuters could not immediately verify images from Dalian and some others from Wuhan widely shared on social media. The retirees were protesting local reforms including a recent cut to the monthly personal medical benefit allowance for retirees, from 260 yuan ($38) per month to 83 yuan, according to Wuhan residents. In China's health benefit system, some money goes to a personal medical allowance and other funds are pooled. Wednesday's protests in Wuhan and in Dalian in China's northeast attracted a heavy security presence, according to videos and pictures on social media.

☆ China says U.S. balloons flew into its airspace
▼ + stars: | 2023-02-14 | by ( Yew Lun Tian | ) www.reuters.com time to read: +2 min

BEIJING, Feb 14 (Reuters) - China said on Tuesday that more than ten high-altitude balloons released by the United States since May 2022 flew into its airspace and that of other countries. Chinese foreign ministry spokesperson Wang Wenbin said the high-altitude balloons "flew around the world and illegally entered the airspaces of China and other relevant countries at least ten times". Wang did not provide details on the other countries involved, declined to specify which parts of Chinese airspace the incursions happened or provide photos as evidence. Earlier on Monday, he said the U.S. balloons entered Chinese airspace more than ten times since January 2022. "The United States should conduct a thorough investigation and give China an explanation," Wang said on Tuesday.

The Chinese balloon, which Beijing denies was a spy vessel, spent a week flying over the United States and Canada before President Joe Biden ordered it shot on Feb. 4. China says the balloon shot down on Feb. 4 was a civilian weather-monitoring aircraft. It has accused Washington of sending its own balloons into Chinese airspace, an allegation Beijing reiterated on Tuesday. 'COMMERCIAL OR BENIGN PURPOSE'The U.S. military said on Monday it had recovered critical electronics from the suspected Chinese spy balloon as well as large sections of the vessel itself. But it has not yet recovered debris from the most recent three objects shot down, with tough weather conditions making recovery operations difficult.

WASHINGTON/BEIJING, Feb 7 (Reuters) - The United States held briefings in Washington and Beijing with foreign diplomats from 40 nations about the Chinese spy balloon that entered the U.S. airspace in late January, a senior administration official and diplomats said on Tuesday. U.S. Deputy Secretary of State Wendy Sherman on Monday briefed nearly 150 foreign diplomats across 40 embassies, the official said, while in Beijing the U.S. embassy gathered foreign diplomats on Monday and Tuesday to present U.S. findings about the balloon. China's foreign ministry has said it was a weather balloon that had blown off course and accused the United States of overreacting. The State Department also sent U.S. missions around the world information about the balloon incident to share with allies and partners, the official added. Washington said the balloon was controlled by the Chinese military, the People's Liberation Army.

Beijing condemned the shooting down of the balloon as an "obvious overreaction" and urged Washington to show restraint. Some U.S. Republicans have questioned why the balloon was not shot down before it was allowed to travel across the United States. Senior U.S. officials have offered to brief former Trump administration officials on the details of what the White House said were three China balloon overflights when Donald Trump was president. Chinese foreign ministry spokesperson Mao Ning said China learned its balloon had drifted over the United States after being notified by Washington. On Sunday, Colombia's military said it sighted an airborne object similar to a balloon after the Pentagon said on Friday another Chinese balloon was flying over Latin America.

WASHINGTON/BEIJING, Feb 3 (Reuters) - U.S. Secretary of State Antony Blinken has postponed a visit to China that had been expected to start on Friday after a Chinese spy balloon was tracked flying across the United States, a U.S. official said. China earlier expressed regret that what it called a "civilian" airship had strayed into U.S. territory after being blown off course, an incident that sparked a political furor in the United States. Republican Senator Tom Cotton had called for Blinken to cancel his trip, while Republican former President Donald Trump, a declared presidential candidate for 2024, posted "SHOOT DOWN THE BALLOON!" It said it would continue to communicate with the United States to "properly handle" the unexpected situation. Senator Marco Rubio, the top Republican on the Senate intelligence committee, said the spy balloon was alarming but not surprising.

☆ China 'seriously concerned' about report U.S. has halted approvals of exports to Huawei
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Jan 31 (Reuters) - China is seriously concerned about a report that the United States has stopped approving licences for U.S. companies to export items to tech giant Huawei, a foreign minsitry spokesperson said on Tuesday. "We are closely following relevant developments," Mao Ning told a regular news briefing in response to a query on the export curbs. read moreReporting by Yew Lun Tian; Writing by Bernard Orr; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

☆ China raps Czech president-elect over Taiwan call
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +1 min

[1/2] Czech presidential candidate Petr Pavel speaks to the media at his headquarters, during the country's presidential election, in Prague, Czech Republic January 28, 2023. REUTERS/David W CernyBEIJING, Jan 31 (Reuters) - China condemned on Tuesday a phone call between Czech President-elect Petr Pavel and Taiwan President Tsai Ing-Wen, saying he ignored Beijing's repeated attempts at dissuasion. "Czech President-elect Pavel ignored China's repeated attempts to dissuade him and our repeated representations," Chinese foreign ministry spokesperson Mao Ning Mao told reporters. "Before his election, Pavel publicly stated that the 'one China' principle should be respected, yet now he has gone back on his words," Mao said. "China once again urges the Czech Republic to...take immediate and effective measures to eliminate the negative impact of this incident and avoid irreparable damage to China-Czech relations."

☆ China aims to boost consumption and imports as global demand cools
▼ + stars: | 2023-01-28 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Jan 28 (Reuters) - China's cabinet said on Saturday it would promote a consumption recovery as the major driver of the economy and boost imports, state broadcaster CCTV reported, at a time of cooling global demand as major economies teeter on the brink of recession. It also discussed measures to support farmers to start spring planting, including subsidies for soybean sowing, CCTV reported. But they said households were likely to be moderate in releasing pent-up demand. Chinese exports shrank sharply in December as global demand cooled, but a more modest decline in imports led economic analysts to forecast a slow recovery in domestic demand in the coming months. Growth is expected to rebound to 4.9% in 2023, before steadying in 2024, according to a Reuters poll of economists.

☆ Holiday trips within China surge after lifting of COVID curbs
▼ + stars: | 2023-01-28 | by ( Yew Lun Tian | ) www.reuters.com time to read: +2 min

BEIJING, Jan 28 (Reuters) - The number of people making trips inside China over the week-long Lunar New Year holiday surged 74% from last year after authorities scrapped COVID-19 curbs that had stifled travel for three years, media reported on Saturday. An estimated 226 million domestic trips were made by all means including plane during the holiday week that ended on Friday, state broadcaster CCTV reported, citing government figures. That compares with about 130 million domestic trips during the holiday week last year, according to the transport ministry. In the last Lunar New Year holiday before the novel coronavirus emerged in late 2019 in the central city of Wuhan, some 420 million trips were made internally. During the Lunar New Year holiday in 2019, a total of 12.53 million cross-border trips were made, the Xinhua news agency reported.

☆ Holiday trips within China surge after COVID curbs lifted
▼ + stars: | 2023-01-28 | by ( Yew Lun Tian | ) www.reuters.com time to read: +2 min

According to official data, the number of COVID deaths a showed weekly decline, however. China abandoned its strict "zero COVID" policy in early December after protests against the restrictions, allowing people to travel and the virus to spread rapidly throughout the country. An estimated 226 million domestic trips were made by all means including flights during the holiday week, state broadcaster CCTV reported, citing government figures. This compares to around 130 million domestic trips during the holiday week last year, according to the transport ministry, but is still far below pre-pandemic levels: In the last Lunar New Year holiday before the novel coronavirus emerged in late 2019, some 420 million trips were made. During the Lunar New Year holiday in 2019, 12.53 million cross-border trips were made, the Xinhua news agency reported.

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